Are stamp duty & registration charges part of acquisition cost of property
Are stamp duty & Registration charges part of acquisition cost of the property and total sum of these is to be indexed for arriving at the acquisition cost of the property for the purpose of calculating LTCG. Also please advise what does "expenditure wholly and exclusively in connection with transfer" consist of. Also, kindly advise if i have to deduct TDS of 1% on every instalment I pay to builder for an under-construction property(valuing more than 50 lacs) or i can deduct the whole TDS(1% of total) from the final instalment to be paid to builder while taking the possession of the flat.
Asked 1 year ago in Capital Gains Tax from New Delhi, Delhi