Shiva Karnati (CA FInal) (49 Points)
06 February 2019Hi every one,
I sold residential house for 50 lakh and my capital gain is 20 lakh. After that i purchase a residential house for 18 lakh which includes stamp duty 1.5 laksh
So my question is will i get exemption in section 54 for paying stamp duty amount also or only net amount invested in new house.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 February 2019
Yes, stamp duty & registration charges when capitalized are exempted along with purchase cost of the house.
CAclubindia
