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

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....ash payment stamp duty u/s 40A(3)<br> Query (Issue) Started By: - satbir singh wahi Dated:- 20-9-2011 Last Reply Date:- 20-9-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Stamp duty paid to state go....

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....vt. 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 would....

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.... 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 a....

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....ny expenses. Hence no disallowance under Section 40A(3).<br> Discussion Forum - Knowledge Sharing ....