house registration cost is deductable while compting the income tax

hi, I have purchased a flat in this financial year and incurred a cost of rs 2 lacs on registration & stamp duties as cost of registration of this property in my me that is this cost deductable in tax computation..?

asked Feb 25 '12 at 23:31 by shalendra 1111

Tax deduction is available for amount paid for registration and stamp duty charges of house. This is u/s 80C and maximum limit is Rs 1 lakh.
Please note that this is not a extra deduction but under 80C. 1 lakh is total limit of 80C which may have life insurance, ELSS mutual funds, PPF, EPF etc also.

answered Feb 28 '12 at 18:35 by pankaj 5.2k320


Know someone who can answer? Share a link to this question via email, twitter , or facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Feb 25 '12 at 23:31

Seen: 1,727 times

Last updated: Feb 28 '12 at 18:36