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Stamp duty & registration charges paid on land purchase

This query is : Resolved 
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(Querist)
26 August 2019 In case NRI purchase land in India below Stamp Duty valuation while calculating income tax u/s 56(2)(x) whether Stamp duty & Registration Charges & commission paid are added to purchasing price (cost of acquisition )

Whether actual purchase price plus above mentioned expenses are deducted from Stamp Duty Valuation and resultant to be considered as income from other sources or not please explain
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ramprasad

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ramprasad (Expert)
26 August 2019 Sec 56(2)(X) inter-alia provides that where the Stamp Duty Value of the Immovable Property exceeds the consideration (subject to 5% concession) for the property is taxable under the head other sources. It has reference to the consideration and not relate to cost.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 September 2021 No. Stamp duty & Registration Charges & commission paid are NOT added to purchasing price (cost of acquisition ).
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