Deduction on residential open plot
Sunilkumar Gondkar (148 Points)
19 March 2021
can assessee get deduction of stamp duty on purchase of residential site for filing of IT return.
2 Replies
CA Akshay Poriya
(job in industry)
(313 Points)
Replied 19 March 2021
The stamp duty on purchase of residential site is the additional mendatory cost and a one part of purchase of residential property . it will be adding in the book value of residential site .there will be no any separate deduction provided for payment of stamp duty.
Kapadia Pravin
(17259 Points)
Replied 19 March 2021
No deduction of stamp duty on income tax computation.
Recent Topics
- ITC on Canteen Services by Outsiders
- STPI/Non-STPI registration
- 6 DIGIT HSN CODE QUERY
- TDS on Telephone charges and Internet charges
- CGT on Policies purchased in LIC International whe
- RCM Rate on GTA Services
- NRI received income tax notice 161(1a)
- CGST/SGST Classification
- SCN - Query related GST registration of Pvt Ltd.
- Utility for calculation of 180 days
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
