Bharat Bhushan - stamp duty

Stamp duty paid on registration of house property. Year of deduction - year of payment or year of registration? Held: Deductible in the year of payment, but only if registration of the property is also in the same year. Carry-forward of stamp duty deduction is not permitted. Ratio: 80C deduction for stamp duty is event-tied; no carry-forward.

Deductible in the year of payment, but only if registration of the property is also in the same year. Carry-forward of stamp duty deduction is not permitted.

80C deduction for stamp duty is event-tied; no carry-forward.