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Stamp duty and registration charges...urgent

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(Querist)
24 January 2015 A Pvt Trust incurred Stamp Duty and Registration Charges on Immovable property Gifted by a Member.
Upon sale of That Property ,
Trust wants to claim those Expenses (stamp Duty & Reg Charges) as Part of cost of Acquisition..Is it allowable?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 January 2015 Stamp duty and registration charges are part of cost of acquisition it is allowable.
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Rupesh Jain

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Rupesh Jain (Expert)
24 January 2015 it is part of stamp paper and registration fee are cost of acquisition.
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sumit

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sumit (Querist)
24 January 2015 but it is a case of gifted property?....can u Provide me some Text link Related to my Query?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 January 2015 Generally cost of the asset includes stamp duty and registration charges. It is also applicable to gifted property.

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