Whether fees paid to Advocate for drafting the Sale Agreement is allowed to be deducted from the Selling Price of the Land?
Regards,
Devendra Kulkarni
CA sanjeev goyal
(senior excutive)
(100 Points)
Replied 02 July 2012
yes, it should be included in the exp. for transfer.
Ankush sharma
(Auditor Article Assistant)
(816 Points)
Replied 04 July 2012
yes it is allowed
also consider purchase exp at the time of purchase
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