stamp duty & registration fee
This query is : Resolved
26 April 2010
I have paid stamp duty & reg Fee on purchase of Flat could i get deduction, under which section pls sugesst
CA. Ashish Bihani
(Expert)
26 April 2010
Dear Nilesh, you can add the stamp duty and regn charges paid in the total purchase cost of flat i.e. capitalize the same.
Whenever you will sale the flat, you will be required to pay capital gain tax. You will get deduction in the form of additional purchase cost of flat as mentioned above.
Also if the flat is sold after three years, you will get benefit of indexation of such stamp duty and regn charges paid now.
Whenever you will sale the flat, you will be required to pay capital gain tax. You will get deduction in the form of additional purchase cost of flat as mentioned above.
Also if the flat is sold after three years, you will get benefit of indexation of such stamp duty and regn charges paid now.
26 April 2010
agree
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