Stamp duty & registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2013
Dear Experts,
Stamp duty is allowed as deduction u/s 80c.
But can the same be added in cost of the property along with registration expenses?
Will it not result in double benefit?
Stamp duty is allowed as deduction u/s 80c.
But can the same be added in cost of the property along with registration expenses?
Will it not result in double benefit?
CA UMESH DULAL
(Expert)
19 June 2013
section 80C also allows principal payment on housing loan, if same notion is applied then the amount claimed as deduction u/s 80C on principal portion would have to be deducted for cost of acquisition while calculating capital gain.
So that there is no question of double deduction.
So that there is no question of double deduction.
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