POSTED BY July 22, 2011 10:57 am COMMENTS (8)ON
I have Purchased a Land which is allotted from Urban Development Authority for Residential purpose on Lease cum Sale agreement for 10 years (have to build the house within 10 years as per the agreement).
I have Paid the Stamp Duty and Registration Fee of 56,000.
Please clarify whether this Stamp Duty & Registration ammount can be exempted from my Income Tax?
I am a salaried employee in a private company.
Thanks & Regards,