Stamp duty who is exempt

Our representative will get in touch with you shortly. Updated on : Oct 04, - PM. If you have purchased or constructed a house property you might want to look into the provisions of stamp duty exemption.

Stamp duty and registration charges and other expenses which are directly related to the transfer are allowed as a deduction under Section 80C. The maximum deduction amount allowed under this section is capped at Rs. This deduction can only be claimed in the year the actual payment is made towards these expenses. The benefit is only for housing properties. Make sure that the claimedincome tax deductionsare for the expense paid in the same fiscal year.

For example, if you pay Rs. In this case, you will get an exemption of Rs. Looking for more tax deductions?

Claim deductions for more expenses incurred on your property. Furthermore, under Section 80EEA, you can get income tax benefits on interest payments of home loans up to a deductible limit of Rs. If you are looking for an affordable home loan , Tata Capital is the destination for you. We provide easy loans with flexible repayment options. Feel free to use our online home loan EMI calculator to check your loan eligibility. At Tata Capital, you get the most competitive home loan interest rates.

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Stamp Duty Land Tax. You must complete an SDLT return to claim relief, even if no tax is due. Print entire guide. Related content Buying or selling your home Leasehold property.