Treatment of registration charges for section 54

Kshitij Saxena (Querist) 02 February 2016 This query is : Resolved
I have brought a property after selling the my old house. Now i have paid registration charges to the tune of Rs.5 lacs. My query is that whether such registry charges can be treated as investment amount in new property as per section 54 of IT Act keeping in mind that the same is available for deduction under section 80 C upto the tune of Rs.1.5 lacs.

Kindly provide references of case or sections if any??

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ROHIT SHARMA (Expert) 02 February 2016
1. Yes, your logic is clear.
2. This payment of registration charges can be deemed as investment in purchase of new property and eligible for deduction u/s 80 C up to 1.5. lacs.

Rajendra K Goyal (Expert) 03 February 2016
Case law is not provided.

For further clarification, may post your query in CA club India.

R K JAIN (Expert) 03 February 2016
This 5 lakh will be added in the value of purchase of new property. Question of section 80C does not arise.

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