clarification on home loan & registration charges

Share This Thread

    APARNA DIDLA New Member

    Dear Sir,

    I had my flat registered on March,2013.Can the registration charges be claimed under section 80c for the present assesment year.Also, does the processing fee for home loan come under tax exemption.
  2. Neha Sharma

    Neha Sharma Active Member

    Dear Aparna

    The Stamp Duty paid can be claimed as a deduction under Section 80C in which year in which the flat was registered. So it can be claimed for the Financial year 2012-13 i.e. Assessment Year 2013-14

    The Home Loan processing fee cannot be claimed as a tax exemption
  3. jai

    jai New Member

    Does the stamp duty paid should be claimed only after possession or registered FY? Also, As per recent tribunal, "Processing fee" can be claimed as interest after possession? right?
  4. Neha Sharma

    Neha Sharma Active Member

    Stamp Duty paid can be claimed in the year of Registration.

    As far as Processing Fee is concerned, the Judgements of Tribunal cannot be relied upon as they can always be challenged. Different tribunals have different stand-points...
Draft saved Draft deleted
Similar Threads Forum Date
Tax Benefit on Home Loan Interest: Section 24 - 3 years construction period clarification Income Tax Feb 4, 2015
Clarification needed on Home loan declaration for IT Income Tax Jan 6, 2015
HRA related clarification Income Tax Nov 11, 2017
Clarification on section 44ADA Income Tax Nov 3, 2017
clarification on holding period of LTCG computation Income Tax Oct 10, 2017