Can I claim stamp duty and registration charges paid for under construction property, under 80C?

If the deed has been registered in your name then you can claim such stamp duty as deduction u/s 80C because it amounts to transfer of property.

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Thank you

When I had opened your question actually the follow up question was not available so I missed it.

So as per section 80 you can claim principal amount of repayment in the year of repayment because it says that once can claim repayment of loan taken for purchase or construction so it doesn't says that deduction can be claimed only after possession, it is only mentioned in section 24.

Thank you

Hi 

Yes, stamp duty and registration charges can be claimed under section 80C for the Financial Year 2018-19.

- Yes you can avail the deduction of stamp duty and registration fees in the F.Y. 2018-19 i.e. A.Y. 2019-20.  It is not linked with the possession of the property.

- Yes you can also claim the deduction of principal payment made.

Deductions shall not be provided for the principal repayments before construction.

Only Deduction of interest payments shall be available under 5 equal installments starting from the year of completion.

Dear Sir,

Hope you are doing well !!

Yes, you can claim these expenses under section 80C only in FY 2018-19.

This deduction can only be claimed in the year the actual payment is made towards these expenses.

If you have a home loan for an under construction property then it is possible to get tax deductions up to Rs. 2 Lakhs on the interest payments made in a year and up to 1.5 Lakhs towards any principal payments made under Section 80C of the Income Tax Act.

However, it is important to keep in mind that tax benefit is not available on principal repayment made during pre-construction phase.

The interest paid while the house is under construction, will continue to accumulate. You can claim deduction on this amount for five years after possession.

Example: So, if you paid a total interest of Rs 6 lakhs while the house was under construction, you can avail of a deduction of Rs 1.2 lakhs for the next five years after possession

HI,

No, the principal amount paid in previous years cannot be claimed under 80C after possession of the property.

Thanks

Damini

Hi

Yes Stamp duty and registration charges can be claimed in year of payment itself as 80C deduction.

But Principle paid before completion is not allowed as deduction.

Hope it helps

Hi,

Yes, you can claim stamp duty and registration charges under section 80C while filing tax return for FY 2018-19

No, you can not claim principle payment done for home loan under section 80C before possession of property.