Thursday, July 5, 2018

PMS fee not deductible while computing capital gains on sale of shares kept under Portfolio Management Scheme

IT : While computing capital gain on sale of shares kept under Portfolio Management Scheme (PMS), assessee could not claim deduction of PMS fee as same neither fell under category of transfer fee, nor cost of acquisition/improvement

from www.taxmann.com Latest Case Laws https://ift.tt/2KyLv6j
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