Home registration stamp duty under 80c

POSTED BY Nirav Modi ON March 1, 2011 11:21 am ONE COMMENT

I have bought a home and will get a possession after a year. I have registered and did a sale deed after that i took home loan then I morgadge the home to bank for getting home loan.

Can i show the stamp duty under 80c, which i have paid while registering the home?

As per my accountant i can not declare this under 80c. So if possible, please provide me a URL also to convience him.

Regards

Nirav Modi

One reply on this article “Home registration stamp duty under 80c”

  1. ashal jauhari says:

    Dear Nirav, Please check the following link –

    http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=de2e44de-d3f9-4153-9b35-f47bd711340e&rdb=sec&yr=75996b99-a798-4098-bca8-e66ee23fe426&sec=80&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

    In the above link, please read, point no. 2 (xviii)(d), It’s clearly written regarding the payment done for registration & stamp duty etc. paid for the same.

    Show it to your CA.

    Thanks

    Ashal

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