https://www.taxtmi.com/caselaws?id=470726 Brokerage commission paid on sale of a residential house is deductible in computing capital gains where the recipient is identified, payment is through banking channels, receipt is confirmed, and the rate is commercially consistent. Indexed construction cost may be allowed despite unavailable bills where building records and a contemporaneous registered valuer's report substantiate the expenditure. Section 54 exemption is available where capital gains are actually utilised to acquire a new residential house within the statutory period and before the extended return-filing date under section 139(4); non-deposit in the Capital Gains Account Scheme does not defeat relief in those circumstances. en-us Wed, 11 Jun 2025 00:00:00 +0530 Wed, 05 Aug 2026 23:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470726 Brokerage commission paid on sale of a residential house is deductible in computing capital gains where the recipient is identified, payment is through banking channels, receipt is confirmed, and the rate is commercially consistent. Indexed construction cost may be allowed despite unavailable bills where building records and a contemporaneous registered valuer's report substantiate the expenditure. Section 54 exemption is available where capital gains are actually utilised to acquire a new residential house within the statutory period and before the extended return-filing date under section 139(4); non-deposit in the Capital Gains Account Scheme does not defeat relief in those circumstances. Case-Laws Income Tax Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470726