banner_ad

LTCG and Tax benifit on Stamp duty paid

466 views 6 replies
User Avatar

17 Points Posted on 19 February 2023
1) Is tax benefit available on stamp duty paid for purchase of property held for more than two years?

2) Is stamp duty paid of such property not part of cost of acquisition?

3) will stamp duty paid on purchase of new property (incase of 54f) be deducted from capital gains?
Reply Share Follow
On 19 February 2023 at 20:45 Report
Replies (6)
User Avatar

Chartered Accountants
2015 Points Posted on 19 February 2023

answer for all of your questions are as under

 

Que 1  - Ans is Yes

Que 2  - Stamp duty is part of cost of acquisition

Que 3  - Ans is Yes

3 Reply
On 19 February 2023 at 23:41
User Avatar

CFO- at NHTF
58280 Points Posted on 20 February 2023
Stamp duty paid can be claimed as deduction u/s 80C in the year of acquisition or it can be claimed as cost in the year of transfer
59 Reply
On 20 February 2023 at 07:03
User Avatar

Profession Business
28207 Points Posted on 20 February 2023
Stamp Duty is paid on purchase of property.
tax benefit is available on purchade of property.
stamp Duty paid on purchase
44 Reply
On 20 February 2023 at 07:15
User Avatar

CFO- at NHTF
58280 Points Posted on 22 February 2023
If it is part of acquisition then is it eligible for 80C ?
59 Reply
On 22 February 2023 at 12:17
User Avatar

Chartered Accountants
2015 Points Posted on 22 February 2023
Originally posted by : Eswar Reddy S
If it is part of acquisition then is it eligible for 80C ?

you can take benefit only at one place. 

 

either add to cost of acquisition or take benefit of 80C

3 Reply
On 22 February 2023 at 15:27
User Avatar

CFO- at NHTF
58280 Points Posted on 22 February 2023
👍🏻👍🏻👍🏻
59 Reply
On 22 February 2023 at 15:33


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details