Stamp duty and registration charges...urgent
This query is : Resolved
24 January 2015
A Pvt Trust incurred Stamp Duty and Registration Charges on Immovable property Gifted by a Member.
Upon sale of That Property ,
Trust wants to claim those Expenses (stamp Duty & Reg Charges) as Part of cost of Acquisition..Is it allowable?
Upon sale of That Property ,
Trust wants to claim those Expenses (stamp Duty & Reg Charges) as Part of cost of Acquisition..Is it allowable?
24 January 2015
Stamp duty and registration charges are part of cost of acquisition it is allowable.
24 January 2015
it is part of stamp paper and registration fee are cost of acquisition.
24 January 2015
but it is a case of gifted property?....can u Provide me some Text link Related to my Query?
25 January 2015
Generally cost of the asset includes stamp duty and registration charges. It is also applicable to gifted property.
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