Monday, August 20, 2018

Fees paid to portfolio manager couldn't be allowed as deduction while computing STCG from sale of shares

IT: While computing short-term capital gain arising from sale of shares, performance linked fees and portfolio management fees paid to portfolio manager, could not be allowed as deduction

from www.taxmann.com Latest Case Laws https://ift.tt/2MEVM1g

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...