How is brokerage treated paid for purchase of flat?
ABHISEK TOSNIWAL
(CA in Practice)
(638 Points)
Replied 08 July 2011
Dear Amit,
You can take it as expenses for cost of acquisition and capitalise it.
Regards
Dhananjaya.N
(Asst. Manager Finance & Accounts)
(57 Points)
Replied 08 July 2011
You Can book under Professional fee and deduct TDS if it is exceeds limit
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 08 July 2011
it should be capitalised as cost of acquisition
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 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
(audit asst.)
(22 Points)
Replied 08 July 2011
please funds flow statement excel format
E.R.SIVAKUMAR
(Practicing)
(47 Points)
Replied 08 July 2011
It should be capitalised with cost of acquisition of flat
Shah Tarun
(Student)
(800 Points)
Replied 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 |
 |
Shah Tarun
(Student)
(800 Points)
Replied 09 July 2011
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