Easy Office
Easy Office

Ipcc group 1

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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?
Profile Image

VIVEK SHARMA

Profile Image

VIVEK SHARMA (Expert)
22 April 2012 Yes, stamp duty is treated as part of cost of purchase.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links