Accounting treatment

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How is brokerage treated paid for purchase of flat?

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)

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

/forum/funds-flow-format-in-excel-file-32751.asp

I agree with Mr Shah

It should be Capitalized.


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