How is brokerage treated paid for purchase of flat?
10 Replies
ABHISEK TOSNIWAL
(CA in Practice)
(638 Points)
Replied 08 July 2011
Dear Amit,
You can take it as expenses for cost of acquisition and capitalise it.
Regards
Dhananjaya.N
(Asst. Manager Finance & Accounts)
(57 Points)
Replied 08 July 2011
You Can book under Professional fee and deduct TDS if it is exceeds limit
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 08 July 2011
it should be capitalised as cost of acquisition
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 08 July 2011
it could never be treated as revenue expenses.
but if the sale purchase of property is regular business than it would be treated as revenue
thotakura srinivas
(audit asst.)
(22 Points)
Replied 08 July 2011
please funds flow statement excel format
E.R.SIVAKUMAR
(Practicing)
(47 Points)
Replied 08 July 2011
It should be capitalised with cost of acquisition of flat
Shah Tarun
(Student)
(800 Points)
Replied 09 July 2011
| Originally posted by : Aditya(future ca) | ||
 |
it could never be treated as revenue expenses. but if the sale purchase of property is regular business than it would be treated as revenue |
 |
Shah Tarun
(Student)
(800 Points)
Replied 09 July 2011
Recent Topics
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
- SECTION 128A For those who filed appeal and order
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
