What is the treatment of Stamp Expenses paid on Registry?
1. if it is borne by seller
2. if it is borne by purchaser.
Unless specifically agreed before hand........ it is to borne by purchaser.....
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 11 July 2017
Yes... Purchaser ll be buy Stamp Papers... Bcoz, He/She want the Strong evidence for Transfer
Dhruv Shah
(Article Student)
(357 Points)
Replied 11 July 2017
If the stamp expense is born by the seller, then he can deduct the same from the sale consideration of the property.
If the stamp expense is born by the purchaser, then the same will be included in the cost of purchase of the property.
If the stamp expense is born by the purchaser, then the same will be included in the cost of purchase of the property.
Dhruv Shah
(Article Student)
(357 Points)
Replied 13 July 2017
Your welcome. but it's just my opinion, plz verify from other experts also :)
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