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Capitalisation exp to purchasing the land and building

(Querist) 09 September 2013 This query is : Resolved 
is professional fees paid for draftaing and finalisation of the conveyance deed and communication in co-ordination betwwn the buyer and seller parties amount is charged 200000/-and we have paid for the search of the property report which expensed rs 7500/-., can these expenses capilialised to the cost of purchase in Land and building?
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Guest (Expert) 09 September 2013
Any property related expense can be clubbed with the cost of the property to be capitalised.
Sudhir Kumar, Advocate (Expert) 09 September 2013
any expense without which you cannot own a property.
Rajendra K Goyal (Expert) 09 September 2013
Well advised, nothing more to add.

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