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The stamp duty and registration fees you paid for the property transfer are eligible for deduction from your taxes. Section 80C of the Income Tax Act of 1961 allows you to claim deductions for this expense up to a maximum of Rs 1.5 lakhs. All co-owners of the property are eligible to use this stamp duty payment reduction. You can claim this sum from your paid-off mortgage's principal amount.
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How to get tax benefits on stamp duty paid on an under-construction property?
Taxpayer19
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2023-07-16T13:07:42+00:00 2023-08-02T20:38:38+00:00Comment
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