Stamp duty & registration charges for house property

This query is : Resolved

Swapnil (Querist)
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12 February 2019 Hi ,

I am planning to purchase residential flat on resale basis

please guide me on below

1 - Can i claim Stamp Duty & Registration Charges as deduction from income under income tax act in FY in which it is paid.

2- In future when i sell this residential property , can i claim stamp duty & registration charges as part of cost of acquisition , while calculating capital gains in that FY

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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12 February 2019 Yes stamp duty can be claimed under 80C maximum Rs.150000/-
Yes long term gain you can claim as cost of AQUISITION

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Swapnil

Swapnil (Querist)
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13 February 2019 Sir ,
one small query , in above mentioned scenario , will it not amount to double benefit of same amount ( once as deduction from income & again as cost of acquisition in calculation of capital gains)

please guide whether my understanding is correct