I am planning to purchase residential flat on resale basis
please guide me on below
1 - Can i claim Stamp Duty & Registration Charges as deduction from income under income tax act in FY in which it is paid.
2- In future when i sell this residential property , can i claim stamp duty & registration charges as part of cost of acquisition , while calculating capital gains in that FY
13 February 2019
Sir , one small query , in above mentioned scenario , will it not amount to double benefit of same amount ( once as deduction from income & again as cost of acquisition in calculation of capital gains)
CAclubindia
