Net consideration deducts transfer-specific expenditure from the full value received or accruing on capital asset transfers. Net consideration for a capital-asset transfer is the full value of consideration received or accruing, reduced by expenditure incurred wholly and ... Summary
Net consideration deducts transfer-specific expenditure from the full value received or accruing on capital asset transfers.
Net consideration for a capital-asset transfer is the full value of consideration received or accruing, reduced by expenditure incurred wholly and exclusively in connection with that transfer. Section 341 for sub-section (9), Explanation (iii) to section 11(1A), and the Explanation to section 54F apply this same computation. The deduction is confined to qualifying transfer-connected expenditure.
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