How to Claim Tax Exemption on Stamp Duty and Registration Charges u/s 80C
You have to pay Stamp Duty and Registration Charges while buying a house. You pay stamp duty charges to government to get the property registered in your name. Since stamp duty can be as high as 8% of the property value (varies from state to state), it adds up to around 8% to 10% of your house purchase cost.
Government in-return has given you the exemption on the stamp duty and registration charges paid (to be deducted from your total annual income) under section 80(C) of Income-tax Act, 1961.
Stamp Duty and Registration Charges Deduction Conditions
You can get ...