Stamp Duty , Registration Fees , sale of residential flat
This query is : Resolved
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.
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.
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"
2) CG can be deposited in bank under "Capital Gains Accounts Scheme,1988"
15 March 2023
Inference section 54 and notification G.S.R.724(E) dated June 22,1988.
16 March 2023
Sir, Please send list of banks at which we can open capital gain account ?
I am not able to find list.
I am not able to find list.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
