Stamp duty on purchase

purchase commercial property cost 4500000
stamp duty 39650
ye stamp duty kisme add hogi
Replies (3)
Quick Summary
This discussion clarifies the treatment of stamp duty when purchasing commercial property. Stamp duty paid on commercial property purchases is added to the overall cost of the property in your accounting records. Unlike residential property, deductions under Section 80C are not applicable here. Additionally, Tax Deducted at Source (TDS) requirements for property purchases generally do not apply if the property value is below £50 lakh.

Add to cost of shop since commercial property no 80C deductions allowed
In what context do you ask?
if its about tds then pls note that tds would be on purchase price of property(in this case 45 lacs), but you are not required to deduct tds as per sec. 194IA.

if you are asking about cost head then would agree with Mahesh Shah. you should add it to the cost of the property in books of accounts.
Stamp Duty is a part of construction cost.
80C chapter via deductions not allowed here
tds on property purchase is not allowed sine the property value is less than 50 lacs. 1% tds if equal to more than 50 lacs.

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