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Income Tax - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

Deduction on account of portfolio management (PMS) fees ...

Case Laws     Income Tax

July 16, 2018

Deduction on account of portfolio management (PMS) fees allocated towards the Short term capital gains on sale of shares u/s 48 - the same not being an expenditure incurred wholly and exclusively in connection with the transfer of the shares out of which STCG had arisen to the assessee - expenditure not allowed.

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