capital gain

This query is : Resolved

Dharmen (Querist)
Follow

07 February 2011 whether stamp duty paid on purchase of building is included in cost of acquisition for the purpose of capital gains?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

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

Dharmen

Dharmen (Querist)
Follow

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?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

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

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)

Dharmen

Dharmen (Querist)
Follow

19 February 2011 Thank you sir.....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA K GIRIDHAR

shubham agrawal

T E SOUNDARARAJAN

Krishnan V

Sivanath VV

Subscribe Now

capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Accountant

CA Final

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY