80 c deduction on stamp duty paid on purchase of land

prithwish sengupta (Querist) 01 August 2014 This query is : Resolved
Dear Sir,

I have purchased a residential plot in AY 2014-15, and paid stamp duty of rs 21900 on the same. Whether i can take deduction under 80 c for stamp duty paid on purshase of residential plot.

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ajay sethi (Expert) 01 August 2014
consult your CA in this regard

Rajendra K Goyal (Expert) 01 August 2014
1. Amount must have been paid by the assessee.
2. The deduction can be claimed only in the year when payment is made.
3. The claim is entitled only after possession of the property.
4. The house should be in the name of the assessee claiming deduction.
5. The deduction is available upto the limit of Rs. 1,00,000 u/s 80C.
6. This deduction is available only for the purchase of new residential house property and not commercial property.

(Taken from net
http://www.succinctfp.com/index.php/stamp-duty-and-registration-charges-can-be-claimed-as-deduction-us-80c/)

T. Kalaiselvan, Advocate (Expert) 03 August 2014
Well advised by Expert Mr. Rajendra K Goyal, I endorse his views.

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