Question And Answer
Subject: conveyancing charges
Querist: BKS
Answered by:
Tags: ,
Date: June 10, 2023
Query asked by BKS

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 ?

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The same would be capital expenditure and has to be added to the cost of land.

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