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Stamp duty reimbursement taxable under which head?
Please help...
Replies (3)
Usually reimbursements are adjusted against the payments made and are not taxable.
But vary from case to case .....
I paid the stamp duty on purchase of capital asset (claimed deduction u/s 80c) and while selling im reimbursing it... Now what to do? Unable to understand.... Please help
Its not reimbursement !!
It was added to COA and same is deducted against sell proceeds, after indexation. !!!
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