Stamp duty reimbursement taxable under which head?
Siddharth Bonny Tiwari (40 Points)
29 November 2018
Please help...
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182329 Points)
Replied 29 November 2018
Usually reimbursements are adjusted against the payments made and are not taxable.
But vary from case to case .....
Siddharth Bonny Tiwari
(40 Points)
Replied 29 November 2018
I paid the stamp duty on purchase of capital asset (claimed deduction u/s 80c) and while selling im reimbursing it... Now what to do? Unable to understand.... Please help
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182329 Points)
Replied 29 November 2018
Its not reimbursement !!
It was added to COA and same is deducted against sell proceeds, after indexation. !!!
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