Stamp duty

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Sir,

if the person considers the stamp duty paid for the indexation while calculating capital gain. so whether then he claim stamp duty paid under section 80C?
coz if he takes the same then he is taking double benefit for the single amount paid

reply asap

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

07 June 2014 the ans is no as only items as specified u/s 80C are allowed.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Bt There are some of d persons who had told me abt taking dis deduction.so sir kindly let me know which is the correct one.

Nikhil Kaushik

Nikhil Kaushik (Expert)

08 June 2014 the answer is yes. you can claim both. chapter 80C deduction is mutually exclusive to what you may claim in future years. stamp duty form part of cost of acquisition.

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2014 Is it compulsory to take the Deduction of 80c in the same year or it can be taken in any future years?

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 June 2014 it can be taken only in the year in which it was paid.

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2014 thank u sir u have cleared my all the doubts for the same.

regards.

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 June 2014 you are welcome friend. and best of luck..take care