Whether stamp duty and Registration fees paid is allowed as deduction under section 80C of IT act.
divyakrishnan (Chartered Accountant) (92 Points)
05 December 2012Whether stamp duty and Registration fees paid is allowed as deduction under section 80C of IT act.
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 05 December 2012
Yes, these are eligible for deduction u/s 80C, but practically, people consider it as a part of Cost of Acquisition while computing the capital gains(in case such property is sold at later stage).
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
