Capital gains and deduction
This query is : Resolved
05 February 2016
Dear Members
Can a Person claim deduction of stamp duty paid under section 80C and at the same time can the same amount be considered as investment along with cost of acquisition of new house purchased to save long term capital gains under section 54?
Can a Person claim deduction of stamp duty paid under section 80C and at the same time can the same amount be considered as investment along with cost of acquisition of new house purchased to save long term capital gains under section 54?
05 February 2016
80C and 48(ii) can be claimed for stamp duty payment because neither of the provisions of chapter VIA or cost of acquisition in computing capital gains excluded the operation of the other provision.
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