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Showing posts with the label Bangalore property tax

Stamp Duty Charges on the Property Comes Under Income Tax?

Can the stamp duty and registration charges on the housing property claimed under income tax? When you make an agreement with the builder to buy the property you are supposed to pay the stamp duty to the government. Stamp duty on the property is fixed depending upon the value of the property as mentioned in the agreement.Stamp duty charges are fixed by the state government of the respective state depending upon the market value of the area and are published by the government area wise. Each year stamp duty charges are revised depending on the area developments. Registration and stamp duty charges are also important aspects while buying a housing property. All the registration charges, stamp duty and other expenses can be claimed under Section 80C under income tax regulations. Godrej Aqua | Stamp Duty Know more about Stamp Duty Rates To avoid evasion of stamp duty through undervaluation of agreement sand to minimize the disputes on the quantum of stamp duty