Stamp duty and deductions on home loan
kishorchandra p mehta
(Querist) 12 March 2015
This query is : Resolved
Sir,
I have booked a flat in Ahmedabad(Gujarat)
wherein almost 90% amount is paid by me in instalment.I am not senior citizen.Flats are now ready.Now in this connection I like to have guidance on following matters.
1) STAMPDUTY AND REGISTRATION CHARGES.
my builder has asked me to pay stamp duty and registration charges @ 6% on following items
a)Maintenance deposit Rs 63000
b)Maintenance advance Rs 37800
c)AMC/AUDA Charges Rs 94500
whether above items attract stampduty and
registration charges.?
2) DEDUCTIONS ON HOME LOAN.
If I take possession in this month
the deductions available for Instalments and Interest on home loan will be over and above the limit prescribed under
Sec.80C because I have already made necessary investment under 80C.
If I do not take possession in this month
whether any deduction of Instalment or
interest will be available, over and above Sec.80C during the F.Y 2014-15 ?
Kindly guide me.
K.P.MEHTA
