Can Stamp duty taken as a expense
This query is : Resolved
11 January 2025
If Builder pays stamp duty on flat can same be considered as a expense in Income tax return
11 January 2025
Yes, if it is obligatory.
12 January 2025
this should be helpful
https://taxguru.in/income-tax/itat-allows-stamp-duty-paid-sale-by-builder-section-43ca-triggered.html
https://taxguru.in/income-tax/itat-allows-stamp-duty-paid-sale-by-builder-section-43ca-triggered.html
13 January 2025
Thank you all the experts for quick response. I am selling one of my unit where In offer period I am paying stamp duty for a flat. So that's why my query was I am paying that stamp duty from my income of flat. So will it be considered as a expense
14 January 2025
You can claim it being 'offer period sales expense.' Include the clause in the agreement, and keep the records of the payment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- ECO SUPPLY REPORTIONG IN GSTR-1
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Payment to foreign customer
- Non issue of e way bill
- Subscription paid to foreign customer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
