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

Question

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.

Answer 1

Yes, it will be in order to claim brokerage paid from the sale price received.

Answer 2

yes, allowed.

Answer 3

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