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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Expenses incurred (professional Fee or Management fee) to earn ...


Professional Fees Excluded from Short-Term Capital Gains Calculation u/s 48 of Income Tax Act.

November 3, 2011

Case Laws     Income Tax     AT

Expenses incurred (professional Fee or Management fee) to earn short term capital gains. - Fees cannot form part of computation of capital gains u/s 48 and has to be ignored..... - AT

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