How is brokerage treated paid for purchase of flat?
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Accounting treatment
Replies (10)
Dear Amit,
You can take it as expenses for cost of acquisition and capitalise it.
Regards
You Can book under Professional fee and deduct TDS if it is exceeds limit
it should be capitalised as cost of acquisition
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
please funds flow statement excel format
It should be capitalised with cost of acquisition of flat
| Originally posted by : Aditya(future ca) | ||
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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 |
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I agree with Mr Shah
It should be Capitalized.
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