01 January 2018
I sold my old Flat in oct 2017. I had purchased it 18 years back for Rs 5 Lakhs and had paid Stamp Duty of Rs 50,000 then. To calculate my taxable capital gain, I want to determine the ‘Cost of acquisition with indexation’. 1. Is it Correct that I can INCLUDE the Stamp Duty of Rs 50,000 along with the cost (for a total of Rs 5,50,000) for the purpose of calculating the Cost of acquisition with indexation ?
CAclubindia
