Cancellation Charges
This query is : Resolved
25 March 2009
One of my client had entered into agreement for purchase of office premises. Possession was expected by June 2009. Part payment was made.and stamp duty paid However due to recssion agreement was cancellation. Whether Cancellation Charges and Stamp duty paid can be taken as business expenditure or to be treated as short term capital loss
25 March 2009
Dear vinod I have already answered. Please let me know if you have any query.
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=147846
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=147846
25 March 2009
u can claim it as busniess expenditure.
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