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Amit (Accountant)     08 July 2011

Accounting treatment

How is brokerage treated paid for purchase of flat?



 10 Replies

ABHISEK TOSNIWAL

ABHISEK TOSNIWAL (CA in Practice)     08 July 2011

Dear Amit,

You can take it as expenses for cost of acquisition and capitalise it.

Regards

1 Like
Dhananjaya.N

Dhananjaya.N (Asst. Manager Finance & Accounts)     08 July 2011

You Can book under Professional fee and deduct TDS if it is exceeds limit

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     08 July 2011

it should be capitalised as cost of acquisition

1 Like
CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     08 July 2011

it could never be treated as revenue expenses.

but if the sale purchase of property is regular business than it would be treated as revenue

thotakura srinivas

thotakura srinivas (audit asst.)     08 July 2011

please funds flow statement excel format

E.R.SIVAKUMAR

E.R.SIVAKUMAR (Practicing)     08 July 2011

It should be capitalised with cost of acquisition of flat

Shah Tarun

Shah Tarun (Student)     09 July 2011

Originally posted by : Aditya(future ca)

it could never be treated as revenue expenses.

but if the sale purchase of property is regular business than it would be treated as revenue
CA Aditya Modi

CA Aditya Modi (Associate Manager)     09 July 2011

I agree with Mr Shah

Souvik Kumar Ghosh

Souvik Kumar Ghosh (CA Final)     09 July 2011

It should be Capitalized.


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