Income tax
This query is : Resolved
YAGNESH HASMUKH DAVE
(Querist)
21 March 2016
i have sold my old flat after 3yrs before selling of flat i have done some furniture work and also i have paid brokerge for selling of flat whether i will get furniture cost and brokerge paid as deduction while computing my capital gain tax pl reply
Ankur Singhal
(Expert)
21 March 2016
Dear
What type of furniture work? and did you sell the furniture too along with the flat.
You will get deduction of brokerage from sales consideration.
No indexation benefit on brokerage paid.
What type of furniture work? and did you sell the furniture too along with the flat.
You will get deduction of brokerage from sales consideration.
No indexation benefit on brokerage paid.
Message likes :
1 times
YAGNESH HASMUKH DAVE
(Querist)
21 March 2016
before selling the purchaser told me to make new furniture like sofa set cuprborad dinning table etc i have made all furniturre and i have reciepts of the that funitniture made and then i have sold it to the purchaser with new furniture so will i get deduction for it also while computing capital gain tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
