Deduction of stamp duty in case of Cancelllation of deed
This query is : Resolved
19 March 2009
one of my client had purchased a premise for office purposes also had paid stamp duty to the tune of 2.00 lacs however due to recession the agreement was cancelled. can can charges for cancellation and stamp duty be claimed as expenses for business or under any other head? business is that of advertising agency Please someone give me their opinion on the above
19 March 2009
Yes you can claim it as business expenditure, but make sure you have proper back up if comes in scrutiny
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