Brokerage commission on LTCG

Hello Pankaj,

Please let me know if brokerage commissions can be deducted before calculating the capital gains on selling the land? I have paid cash and how should we mention while filing the income tax.

asked Feb 23 '12 at 08:07 by Srihari 165711


Brokerage commission can be deducted from sale price of land, but you should have valid proof for this payment (an invoice/bill/payment receipt from agent).

answered Feb 23 '12 at 14:04 by Pankaj Batra 5.2k320

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Asked: Feb 23 '12 at 08:07

Seen: 1,019 times

Last updated: Feb 23 '12 at 14:04