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Home / Finance / Taxes / CAN I CLAIM 80C DEDUCTION ON STAMP DUTY AND REGISTRATION FEE PAID IF I PURCHASE A LAND ONLY?
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CAN I CLAIM 80C DEDUCTION ON STAMP DUTY AND REGISTRATION FEE PAID IF I PURCHASE A LAND ONLY?

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0 2023-08-24T14:34:40+00:00

No, you can not claim an 80C deduction on stamp duty and registration fee on your land purchase. Section 80C includes investments and expenses associated with financial instruments like life insurance premiums, Employee Provident Fund (EPF) contributions, Public Provident Fund (PPF) contributions, National Savings Certificates (NSCs), and more.

Stamp duty and registration fees paid for the purchase of land or property are covered in the cost of acquisition of the property, which affects the capital gains tax calculations when you sell the property in the future.

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