How much percent of commission allowed in land sale ?

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Pormoter
27 Points Posted on 25 May 2018

I Paid 2.1 Lakh Commission  in cheque for Land sale

Total Capital Gain was 10.9 Lakh 

Sale Value was 11.9 Lakh 

 

2.1 Lakh is not an issue for that is there any percentage limit in  expenditure incurred wholly and exclusively Column ?

And commission expenses will be in expenditure incurred wholly Column Right ?


 

 

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On 25 May 2018 at 23:53 Report
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5751 Points Posted on 26 May 2018
generally from the income tax point of view, only,1-2% is allowed as commission
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On 26 May 2018 at 00:15
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"Do the Right Thing...!!!"
77792 Points Posted on 26 May 2018
Yes... I agreed to Mr Rama Krishnan Sir.
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On 26 May 2018 at 06:50
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Pormoter
27 Points Posted on 26 May 2018

.

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On 26 May 2018 at 11:16
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Pormoter
27 Points Posted on 26 May 2018

But There is no demand I had to pay huge Brokerarge 

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On 26 May 2018 at 11:16
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5751 Points Posted on 26 May 2018
as per the prevailing commission rates, the percentage is 1-2% only...
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On 26 May 2018 at 12:50
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Pormoter
27 Points Posted on 26 May 2018
Originally posted by : rama krishnan
as per the prevailing commission rates, the percentage is 1-2% only...

Brokerarge and commission is same thing  ? 

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On 26 May 2018 at 14:07
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5751 Points Posted on 26 May 2018
for brokers you pay commission.. it can be called as brokerage or commission
1 Reply
On 26 May 2018 at 14:10

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