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Lv 7

HMT asked in Business & Finance Taxes India · 1 decade ago

Regarding LongTermCapitalGain. Can brokerage paid to agent be deucted from sale price while computing LTCG?

I have paid Rs.30000/- by cheque to estate agent as brokerage & also have receipt for the same. Can this amount be deducted from the sale price while computing LTCG? I will save Rs.6000/- in tax.

3 Answers

Relevance

chit
Lv 5
1 decade ago
Favourite answer
yes, allowed.
amal
Lv 6
1 decade ago
Yes, it will be in order to claim brokerage paid from the sale price received.
Jss
Lv 7
1 decade ago
Yes, you can deduct the expenses. Read computation of long term capital gains
http://mytaxes.in/index.php?topic=30.0
And how you can save on the taxes on Long Term Capital Gains in India
http://mytaxes.in/index.php?topic=31.0

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