Hello Members,
Whether Stamp duty paid shall be included in Cost Of Acquisition while calculating Capital Gains?
6 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 28 July 2021
Yes stamp duty is included while calculating Capital gains
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 28 July 2021
thanks! either add in COA or deduct as transfer expenses while calculating CG?
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 28 July 2021
stamp duty paid on the sale of immovable property shall be taken as transfer expenses?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 28 July 2021
add in COA for capital gains
Nidhi
(Chief Accountant)
(3150 Points)
Replied 29 July 2021
1. Stamp duty paid on purchase of property - Add in cost of acquisition
2. Stamp duty paid on sale of property - deduct from sale consideration as transfer exp.
2. Stamp duty paid on sale of property - deduct from sale consideration as transfer exp.
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