Hi every one,
I sold residential house for 50 lakh and my capital gain is 20 lakh. After that i purchase a residential house for 18 lakh which includes stamp duty 1.5 laksh
So my question is will i get exemption in section 54 for paying stamp duty amount also or only net amount invested in new house.
Yes, stamp duty & registration charges when capitalized are exempted along with purchase cost of the house.
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