Can Stamp duty taken as a expense

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Tejas Chaudhari

Tejas Chaudhari (Querist)
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11 January 2025 If Builder pays stamp duty on flat can same be considered as a expense in Income tax return

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 January 2025 Yes, if it is obligatory.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 January 2025 this should be helpful

https://taxguru.in/income-tax/itat-allows-stamp-duty-paid-sale-by-builder-section-43ca-triggered.html

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Tejas Chaudhari

Tejas Chaudhari (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.