payment of other charges from capital gains acocunt

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  1. Vibhash Dave

    Vibhash Dave New Member

    For buying residential property there are some other charges collected by builder or developer ..such charges include society formation charges , club membership charges , water connection , electric meter connection , corpus fund etc ...... so need to know whether such charges are allowed to be paid from capital gains account or not ? are these charges calculated as total cost of flat ? If such are not allowed to be paid from capital gains account then is it considered as captial gains & taxed accordingly or exempted?
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    The charges which are incidental to purchase of flat and give you a right over something are allowed to claimed as a deduction.

    The nature of each of these expenses would be required to be taken into account to determine which expense can be claimed as a deduction and which expense is not allowed to be claimed.
     
  3. Vibhash Dave

    Vibhash Dave New Member

    Thanks a lot for reply , can you pls. advice which of the following expenses will be allowed and will not be allowed as payment from capital gains account
    1) Legal charges
    2)Development charges
    3) Water meter charges
    4)Registration of society charges
    5) Society maintenance in Advance
    6)Corpus fund , provisional taxes
    7) club membership fess
    8) stamp duty charges
    9)VAT
    10)Registration charges
     
  4. Vibhash Dave

    Vibhash Dave New Member

    an you pls. advice which of the following expenses will be allowed and will not be allowed as payment from capital gains account
    1) Legal charges
    2)Development charges
    3) Water meter charges
    4)Registration of society charges
    5) Society maintenance in Advance
    6)Corpus fund ,
    7)provisional taxes
    8) club membership fess
    9) stamp duty charges
    10)VAT
    11)Registration charges
     
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