Can a Individual assesee claim the exemption on stamp duty and registration charges paid towards purchase of property, whether it will come under section of 80c Income tax act ?
ravikumarpuvvada (Professional) 28 December 2009
Can a Individual assesee claim the exemption on stamp duty and registration charges paid towards purchase of property, whether it will come under section of 80c Income tax act ?
Vineet (Director) 28 December 2009
A V Vishal (Advocate) 28 December 2009
Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.
ravikumarpuvvada (Professional) 29 December 2009
Thanks for prompt reply
P SRINIVASAN (Dy Company Secretary ) 29 December 2009
Yes. He can claim. However, this will be within the limis set out in Section 80 C of the IT Act.
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