immovable property purchased at an amount less than the stamp duty value. Section 56(2)(vii) is invoked. however any brokerage or stamp duty value paid by the buyer is it allowable?
If the said property ia purchased by purchaser which less than the fair market value then the purchaser have to put the difference amount in income from other source.
You can also claim deduction under Section 80C on the stamp duty and registration charges as well as other expenses directly related to the transfer of property
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