https://www.taxtmi.com/forum/issue?id=3756 Whether the land is short term or long term depends on the applicable date of acquisition (agreement date, registration date, or payment date). The taxpayer asks whether interest on borrowed funds used to purchase the land can be included in the cost of acquisition and whether brokerage and commission paid at purchase are allowable or subject to limits when computing cost for capital gains. en-us Wed, 25 Jan 2012 10:39:35 +0530 Thu, 23 Jan 2025 15:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3756 Whether the land is short term or long term depends on the applicable date of acquisition (agreement date, registration date, or payment date). The taxpayer asks whether interest on borrowed funds used to purchase the land can be included in the cost of acquisition and whether brokerage and commission paid at purchase are allowable or subject to limits when computing cost for capital gains. Discussion-Forum Income Tax Wed, 25 Jan 2012 10:39:35 +0530 https://www.taxtmi.com/forum/issue?id=3756