Exemption Under Stamp Duty And Registration Of House - CiteHR
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Dear Sir I want to know that can I get exemption under section 80 C for stamp duty and registration expenses paid of under construction flats.
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Dear Pankhil,
According to my knowledge, no IT exemption is available on payment of stamp duty and registration of any thing. However, you can consider the amount paid as expense while calculating gain.
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Dear Sir I have heard that there is exemption under section 80C, but I don\'t know whether there is under construction or completed construction.
Dear Pankhil,
You are right. I am wrong. There is an exemption under section 80 C on stamp duty and registration fee paid on purchase of new house. Total exemption under this section is up to Rs. 1 lac.
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