Income Tax 80-c claim against property purchasing
sir, please guide me about the registration and stamp duties charges which was held on 13/4/2017 related to 80-c claim.
The property is in name of joint holders ,my son and me.
son being the first holder.
My question is it possible to avail benefit of income tax refund to either my son or me or both(150000/- ) ? more
The property is in name of joint holders ,my son and me.
son being the first holder.
My question is it possible to avail benefit of income tax refund to either my son or me or both(150000/- ) ? more
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Anyone of the owner of the residential property can claim deduction of registry charges under 80C from whose account it was paid. Both the owner can claim it proportionately from the same documents. more
Jan 28
The main issue is who paid the stamp duty. Sec 80 C requires payments to be made out of ones income. No deduction can be claimed on borrowed funds. If you can prove, you have paid stamp duty out of your own funds, then only you become eligible for any deduction under sec 80. Merely by virtue of a joint holder does not entitle you to claim any deduction under chapter VI or sec 80. more
Jan 20
I sincerely regret I am not IT consultant and hence am unable to guide you in this regard Best wishes Amrik Singh Amrik Singh more
Jan 20
