Tax Deduction Query

[anuragingle]

I purchased a flat this year and have made the following payments :

1. Advance to Builder : 84000

2. Stamp Duty : 91840

3. Registration : 20648

My query is can i claim the above payments for tax deduction? if yes under what sections?

Thanks

 

[hitesh]

I purchased a flat this year and have made the following payments :

1. Advance to Builder : 84000

2. Stamp Duty : 91840

3. Registration : 20648

My query is can i claim the above payments for tax deduction? if yes under what sections?

Thanks

No, you cannot claim above payments for tax deductions. The payments are of capital nature.

 

[anuragingle]

the below link says that we can claim exmption for stamp duty and registration

http://taxguru.in/income-tax/little-known-schemes-under-section-80c-of-the-income-tax-act-1961.html