Capiatal gain savings

Tax planning 124 views 1 replies

Hi 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.

Replies (1)

Yes, stamp duty & registration charges when capitalized are exempted along with purchase cost of the house.


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