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Portfolio Management Fees

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(Querist)
02 January 2020 Is portfolio management fess expense or should i added it to cost of shares and Mutual Funds?
If i should add it to cost of shares and mutual funds, then on what basis the calculation to be made to charge it to each share or mutual fund?
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Zeal Bangdiwala

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Zeal Bangdiwala (Expert)
02 January 2020 Portfolio Management Fees cannot be treated as part of cost of shares or mutual funds. As per the decision of ITAT Mumbai in case of Mateen Pyarali Dholkia Vs DCIT, ITA No. 6950/MUM/2016.
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Nikhil Prajapati

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Nikhil Prajapati (Querist)
02 January 2020 Then should i expense it out?
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