Expenses related to transfer

Dear Pooja,

I think the expenses will be allowed since they are incurred in relation to the transfer... and the Act has not specified any cut off for the incurrance of the expenses

- Ankit

Agreed with ankit there is no time boundation in transfer related expenditures

If the expenditure is directly related to transfer which will be taking place in the FY 13-14 as u said, than u can claim the same.

Expenses on Transfer will be allowes as deduction while computing LTCG, since they are incured for the purpose of transfering the land

Maintain proper records of expenses incurred toward enabling transfer of property and avil the benifit of LTCG