Sonal (CA Final) (382 Points)
26 July 2016
Sonal
(CA Final)
(382 Points)
Replied 26 July 2016
but in the case when u purchase then only u pay and in case of sale there is no such question.
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 26 July 2016
"if new flat is purchased, can stamp duty and registration charges on the same can be claimed as a deduction under any of the section of Income tax act? Flat is under construction and owner is husband and wife. Can wife claim whole deduction?"
Stamp duty and registration charges are expenditure in capital nature, you can claim deduction at the time of sale as cost of flat
wife can't claim whole deduction (upto maximum her share in flat)
CAclubindia
