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Brokerage and mortgage loan interest claim allowed in it act

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28 January 2022 Sir,
It assessee sales of apartment value rs:35 lacs in f.y.20-21.
Brokerage paid rs:5 lacs
Mortgage loan interest paid to bank rs:8 lacs
Question:
Brokerage pay amount and mortgage loan interest paid amount deducted sales of apartment value claim allowed in it act.

28 January 2022 Brokerage paid is allowed to the extent percentage prevailing in market; but not the mortgage loan interest paid.



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