Brokerage in sale of flat

Mihir (Wealth Manager) (5293 Points)

12 July 2014  

Brokerage paid to a broker during sale of flat can be claimed as deduction in LTCG computation under transfer expenses. Please confirm.

 

Now, a flat is sold and brokerage is paid to a broker. The broker has asked the seller to make a cheque payment in favor of his trust, and in turn the broker will issue him 80G certificate from his trust. Will this payment still be eligible for deduction as transfer expenses in LTCG computation?

Thanks