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?
Menu
LTCG and Tax benifit on Stamp duty paid
Replies (6)
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
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
Stamp Duty is paid on purchase of property.
tax benefit is available on purchade of property.
stamp Duty paid on purchase
tax benefit is available on purchade of property.
stamp Duty paid on purchase
If it is part of acquisition then is it eligible for 80C ?
| 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
👍🏻👍🏻👍🏻
Recent Threads
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
Related Threads
CAclubindia
