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?
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.
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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