Interesting Case..Pls Reply

An assessee from South India has purchased ‘X’ acres of land during the period 1981-1987 in delhi. Over the period of years, the assessee has incurred traveling expenditure and also accommodation expenses amounting to 4,00,000/- in connection with sale procedures. Also, he has incurred a penalty levied by Delhi government. In addition to the above, a sum of Rs.1,50,000/- has been spent for maintenance charges

 

Whether (1) Travel expenditure, (2) Penalty, and (3)Maintenance charges paid in relation to an asset can be claimed as a deduction in computing the capital gain from the sale of such an asset.

 

Kindly quote with necessary legal provisions/caselaws

Replies (1)

Generally following expenses are allowed:\

Legal fee

brokerage

commission 

payments to parties to relinquish any right in property 

tenency rights compensation 

(expenses incurred in your case would be difficult to claim)

anyways wait for other members to respond, sorry i do not have any case law, but list mentioned above can be claimed based on various decisions only. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details