Oct 04, 2024Real Estate Deconstructed
Tax Benefit on Stamp Duty and Registration Charges: Maximising Savings via Stamp Duty Tax Exemptions
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Contents
Frequently Asked Questions
Can I claim tax benefits on stamp duty and registration charges for a ready-to-move-in property?
Ans: No, tax benefits on stamp duty and registration charges are applicable only for under-construction properties under Section 80C of the Income Tax Act.
What maximum tax deduction is allowed for stamp duty and registration charges under Section 80C?
Ans: The maximum tax deduction allowed under Section 80C is Rs. 1.5 lac, combined with other eligible investments.
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