02 April 2020
Mr. X purchased a residential house property in FY 2007-08 and claimed stamp duty of Rs. 1,20,000 as deduction u/s 80C in Income Tax Return of FY 2007-08 (AY 2008-09).
Now, Mr. X has sold this residential house property in FY 2019-20. In order to compute capital gains, this stamp duty of Rs. 1,20,000 can be considered in cost of acquisition?
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