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Bhavin (Article)     07 December 2010

Can Professional fees paid in respect of CG allowable?

Can Professional fees paid in respect of CG allowable?

 

I have an query that whether PMS charges pd to Portfolio Service Provider for serving me the Portfolio Services be allowed as a deduction from Short Term Capital Gain for the A Y 2008-09........???? Is there any case law is there regarding the same.......??

Pls send me the same..........



 1 Replies

Ayushraj

Ayushraj (Professional)     07 December 2010

No i don't think so it will be allowed.

But, if you show the shares transaction as trading activity/ Business, then it shall be allowable as business expenditure.


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