Income Tax Benefit for Registation & Stamp Duty for New House

POSTED BY monty ON December 15, 2013 12:10 am COMMENTS (2)

I purschsed under construction flat in Hyderabad in 2012 for 35 lacs and i have got it registered(paid:1,60, 500) in March 2013.Can i take exemption under 80 C for Financial Year 2013-2014 ?I will get possesion in April 2014.Please advise..

Prasad

2 replies on this article “Income Tax Benefit for Registation & Stamp Duty for New House”

  1. ashalanshu says:
    December 15, 2013 at 10:28 am

    Dear Monty, no. Stamp duty can be claimed only in the year of payment, not after that. so you can not claim after FY 2012-2013.

    Thanks

    Ashal

    Reply
  2. Vikash says:
    December 15, 2013 at 2:24 am

    Sorry didn’t understand, how were you able to register a property before possession?

    Reply

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