Answer: Under Section 80C of the Income-tax Act, 1961, you can claim deduction in respect of stamp duty and registration charges paid for a residential house within the overall limit of Rs. 1.50 lakh, together with other eligible constituents, such as life insurance premium, school fees for children, Employees’ Provident Fund (EPF), PPF, equity-linked savings scheme (ELSS), and so on. Do note that you will only be able to claim this benefit if you have taken possession of the house, or the construction of the house is completed during the same year in which these charges were paid by you. Also, you need to opt for the old tax regime, as the deduction under Section 80C is not available under the new tax regime.Â
