| Question And Answer | |
|---|---|
| Subject: | conveyancing charges |
| Category: | Income-Tax |
| Querist: | BKS |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Co -operative society, Conveyance charges |
| Date: | June 10, 2023 |
Housing society pays conveyancing charges .
whether it is a capital exp to be added to land or reduced from reserves already created earlier ?
can it be claimed as revenue exp by any chance ?
The same would be capital expenditure and has to be added to the cost of land.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org