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Income Tax - Highlights / Catch Notes

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Capital gain computation - expenses incurred towards fees paid ...


Court Rules Fees to KPMG, Khaitan & Co. Deductible in Capital Gain Computation u/s 48(i) of Income Tax Act.

January 5, 2023

Case Laws     Income Tax     HC

Capital gain computation - expenses incurred towards fees paid to KPMG, Khaitan & Co. Bank Charges and other miscellaneous expenses in relation to the transfer of capital asset u/s 48 - the engagement of the said firms has direct nexus with the transfer of shares. Hence, the expenditure incurred is deductible u/s 48(i) of the IT Act. - HC

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