The Income Tax Appellate Tribunal (ITAT) Mumbai bench has allowed the deduction to the fees paid to legal and professional fees in connection with the transfer of shares. Section 48 (i) of the Act lays down the mode of computation of income chargeable under the head “Capital Gain”. Clause (i) provides for computation of capital […]
The post Tax Deduction available to Legal and Professional Fees paid for Transfer of Shares: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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