22 August 2008
When we pay any brokerage for capital asset, it is the cost of asset to sale. So for the purpose of computing Capital Gain, Sale consideration has to be reduced for that amount.
So we can pay the brokerage in cash even if it exceeds Rs. 20,000/-.
22 August 2008
whether it is so b/c there is no such sec saying that brokerage on sale of capital asset should be paid through a/c payee cheque (as there in PGBP)?
CAclubindia
