Whether incidental charges like brokerage, registration fees, stamp duty and other charges arising out of sale of house property deductible from profit arising on sale?

April 26, 2017arising brokerage Charges duty fees incidental registration sale stamp

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Whether incidental charges like brokerage, registration fees, stamp duty and other charges arising out of sale of house property deductible from profit arising on sale?

2 Answers

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These expenses are allowable expenses from the full value of consideration of the sale of house property.

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Ans: These expenses are allowable expenses from the full value of consideration of the sale of house property.