cash payment stamp duty u/s 40A(3)

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..... cash payment stamp duty u/s 40A(3)
Query (Issue) Started By: - satbir singh wahi Dated:- 20-9-2011 Last Reply Date:- 20-9-2011 Income Tax
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Income Tax
Stamp duty paid to state g .....

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..... ovt. for purchase of land , whether covered by rule 6DD(b).. The A.O. has disallowed the stamp duty paid in cash for purchase of land. Reply By BSNL PUNJAB TELECOM CIRCLE: The Reply: I think it woul .....

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..... d be out of the purview of Section 40A (3) as the payment is being made to State Govt. Moreover, if finally land is to be capitalised in the books of accounts, then it shall not be considered against .....

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..... any expenses. Hence no disallowance under Section 40A(3).
Discussion Forum - Knowledge Sharing .....

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