Stamp Duty , Registration Fees , sale of residential flat

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When selling a residential flat, you can include stamp duty and registration fees in the original purchase price for indexation purposes. This helps reduce your capital gains tax liability. The capital gains amount can then be deposited into a bank account under the 'Capital Gains Accounts Scheme, 1988' to avail tax benefits.

Sachin Kumar

Sachin Kumar (Querist)

15 March 2023 My mother has sold one society flat in December 2022 for ₹35 lacs.
Purchased in June 2016, Purchase Price was ₹20 lacs , stamp duty ₹140000 , registration fees ₹10000.
can we add stamp duty and registration fees in purchase price for indexation ?
we want to deposit this amount in capital gain scheme account.
Long tern capital capital is coming as ₹791818 (35L - 21.60L/264*331) , this amount we will deposit in bank account.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

15 March 2023 1) Stamp duty and registration fees can be considered in purchase price for indexation.

2) CG can be deposited in bank under "Capital Gains Accounts Scheme,1988"

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

15 March 2023 Inference section 54 and notification G.S.R.724(E) dated June 22,1988.

Sachin Kumar

Sachin Kumar (Querist)

16 March 2023 Sir, Please send list of banks at which we can open capital gain account ?
I am not able to find list.

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