Stamp duty querrrry?? experts pls help

This query is : Resolved

CS,CA F,Numrologi TusharSampat (Querist)
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18 June 2011 Hello sir!
When stamp duty is born by buyer fr 2,26,000 n then is reimbursed legally frm seller of Rs1,13,000 (50%)then

for seller wther such stmp duty paid is allowed to deduct frm Cal of capital gains .

Pls gve d reasons fr ur ans?
Thank you in adv.
Your timely response would be great help!

ABHISEK TOSNIWAL

ABHISEK TOSNIWAL (Expert)
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20 June 2011 Dear Tushar,

When a seller sells his capital assets then he can claim expenses on transfer as deduction in arriving capital gains.In this case of yours you can take a view that stamp duty charges were directly attributable to transfer of the capital asset and could claim as expenses on transfer.

Regards.