Its wrt one of my startup investment...We invested 498975 lacs or so and gotta tax free amount(1357295)(as the company took care of paying tax) in our account during the exit..entry n exit fees adds upto 43808...now the question is how can we claim this amount(43808) if at all? how n how much can we claim?
Menu
Claiming transaction fees in Startup investment
Replies (1)
If the fees is related to a business investment, they might be considered business expenses. Check if the fees is deductible under the Income Tax Act for business or investment purposes.
Check the review Investment Agreements terms related to fees and tax implications.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
