Ipcc group 1
This query is : Resolved
22 April 2012
Q When a buyer purchases a land, he pays stamp duty, so when he will sell the land and
there will be capital gains.....so while computing total income, will the amount of stamp duty paid by him be allowed to be deducted or not? why?
there will be capital gains.....so while computing total income, will the amount of stamp duty paid by him be allowed to be deducted or not? why?
22 April 2012
Yes, stamp duty is treated as part of cost of purchase.
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