Expenditure on brokerage expenditure paid for obtaining ...

Brokerage Fees for Mutual Fund Investments Classified as Revenue Expenditure, Not Capital, No Enduring Benefit Provided.

July 15, 2021

Case Laws Income Tax AT

Expenditure on brokerage expenditure paid for obtaining investments in mutual funds - investment made in the funds yields income over a period of years, however the said amount of brokerage expenditure incurred is not refundable to the assessee in any circumstances - The expenditure cannot not be categorized in the capital filed on the plea of enduring benefit - Allowed as revenue expenditure - AT

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Expenditure on brokerage expenditure paid for obtaining ...

Brokerage Fees for Mutual Fund Investments Classified as Revenue Expenditure, Not Capital, No Enduring Benefit Provided.

July 15, 2021

Case Laws Income Tax AT

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