How is brokerage treated paid for purchase of flat?
Amit (Accountant) 08 July 2011
How is brokerage treated paid for purchase of flat?
ABHISEK TOSNIWAL (CA in Practice) 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) 08 July 2011
You Can book under Professional fee and deduct TDS if it is exceeds limit
CA ADITYA SHARMA (CA IN PRACTICE ) 08 July 2011
it should be capitalised as cost of acquisition
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
Shah Tarun (Student) 09 July 2011
| 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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