Stamp duty & registration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2013 Dear Experts,

Stamp duty is allowed as deduction u/s 80c.

But can the same be added in cost of the property along with registration expenses?

Will it not result in double benefit?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 June 2013 section 80C also allows principal payment on housing loan, if same notion is applied then the amount claimed as deduction u/s 80C on principal portion would have to be deducted for cost of acquisition while calculating capital gain.

So that there is no question of double deduction.