Dear Sir/Madam,
My query is as follows:
Mr A & Mr B, Father & Son, purchased a property jointly in Panvel, Maharashtra in 2007 for Rs. 10 Lakhs. Due to old age, Mr A gifted his 50% share in property to Mr B in 2016. They paid Rs. 30000/- as stamp duty & registration charges of Gift deed.
Now, in Jan 2024, Mr B wants to sell this property.
Can he claim this Rs. 30000/- towards registration of gift deed as cost in capital gain calculation?
Kindly guide.
Thanks & Regards,
Suraj
CAclubindia
