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LTCG on sale of HP
ASSESSE a NRI coming to India from UK for execution and regn of sale deed. Can the travel exp be claimed u/'s 48 alongwith other exp for the purposes of compt of LTCG.
Replies (3)
Such expenses incurred not claimable
Reasons?
Allowable expenses must be "Wholly and Exclusively incurred in connection with such transfer" if we start allowing it then food and accommodation for staying in hotel etc will also have to be added to such transfer expense.
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