I want to know if I can claim the stamp duty and registration charges cost as loss on house property.
The said property is under construction and possession is expected in 2 yrs.
Will I have to wait till end of 2 yrs to claim the benefit or the same can be claimed now?
Please let me know the relevant section/rule.
THE PROPERTY IS ON THE NAME OF BUSINESS OR PERSONAL?
NOW THERE WILL BE NO TREATMENT
& AT THE TIME OF SALE WHILE COMPUTING CAPITAL GAIN, U CAN ADD ALL THE REGISTRATION AND OTHER CHARGES IN COST OF PROPERTY TO GET NET CAPITAL GAIN
Exemption for payment of Stamp Duty and Registration Charges is available u/s 80C in the year of payment upto a maximum of Rs. 1,00,000/-
AJAY SINGH AND CO LLP
Thane
CA Final
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