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Brokerage on sale of capital asset

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(Querist)
22 August 2008 whether brokerage on sale of capital asset can be paid through cash?whether it can exceed 20000/- ?
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Yatesh Prakash Renuke

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Yatesh Prakash Renuke (Expert)
22 August 2008 When we pay any brokerage for capital asset, it is the cost of asset to sale. So for the purpose of computing Capital Gain, Sale consideration has to be reduced for that amount.

So we can pay the brokerage in cash even if it exceeds Rs. 20,000/-.

Regards'

Yatesh Renuke.
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student

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student (Querist)
22 August 2008 whether it is so b/c there is no such sec saying that brokerage on sale of capital asset should be paid through a/c payee cheque (as there in PGBP)?
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Jitender

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Jitender (Expert)
22 August 2008 u can pay brokerage in cash more than 20000.
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