Regarding -capital gain

This query is : Resolved

Mrinal Singh (Querist)
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07 January 2015 Hi I have purchased a property and stamp duty paid for same around 300000 and I want to transfer the property within a year.

I am selling my property at the purchase price only(purchase price 1.45 crore) in my case please tell me what would be capital gain?Can I claim stamp duty paid as deduction?
Please also let me know can I request buyer to not deduct any TDS while making payment to me (as applicable under section 194-IA)

Thanks & Regards

Mrinal Singh

Saravana Perumal Aiyathurai

Saravana Perumal Aiyathurai (Expert)
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09 January 2015 Stamp duty paid is an allowable expenditure hence deduction can be claimed.

If you sell at purchase price then there is no capital gain.

You can't request buyer not to deduct any TDS as it is mandatory on the part of purchaser to deduct TDS.