Mihir Tanna |831 Answers |Ask -Follow
Tax Expert - Answered on Nov 10, 2022
1. To calculate ‘cost of acquisition” should I include stamp duty which I had paid?
2. I had to travel to India to complete the sale paperwork and can I deduct this as expense incurred exclusively for transfer?
3. Is the entire amount (less than 50L) invested in 54EC eligible for deduction?
With reference to travel expenses, in my view you should not claim said expenses as Expenditure incurred are not wholly and exclusively in connection with transfer of capital asset.
With reference to investment in bonds specified in Sec 54EC, NRIs are not eligible to invest in certain specified government bonds.
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