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shashi kiran

30 Points Posted on 24 February 2023

hi for computation of Capital Gain from residential property sold, should we also include the stamp duty paid earlier, while Indexing the cost of Aquisition for property..
please advice

Replies (3)

Quick Summary

This discussion clarifies whether stamp duty paid on a residential property should be included when indexing the acquisition cost for Capital Gains Tax calculation. The advice given is yes, provided that no deduction was claimed under Section 80C of the Income Tax Act in the year of purchase.