capital gain
This query is : Resolved
07 February 2011
whether stamp duty paid on purchase of building is included in cost of acquisition for the purpose of capital gains?
07 February 2011
It is included in the cost of acquisition.
Guest
Guest
(Expert)
07 February 2011
Stamp duty paid on purchase of assets is part of cost of acquisition
07 February 2011
thanks for answering but can you tell me under which section of IT act it becomes part of cost or is there any judgment of court?
07 February 2011
It's according to normal practice adopted world wide. You may find the cost of acquisition in reference to various items by following the link -
https://www.allbusiness.com/glossaries/acquisition-cost/4942742-1.html
https://www.allbusiness.com/glossaries/acquisition-cost/4942742-1.html
Guest
Guest
(Expert)
08 February 2011
It is well established fact. Morever, you can have little more inspiration and support from the the provisions of sec. 80C(2)(xviii)(d)
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
