Net consideration deducts only transfer-related expenditure from full consideration received or accruing on a capital asset transfer. Net consideration for a transfer of a capital asset is the full value of consideration received or accruing, reduced by expenditure incurred wholly and ... Summary
Net consideration deducts only transfer-related expenditure from full consideration received or accruing on a capital asset transfer.
Net consideration for a transfer of a capital asset is the full value of consideration received or accruing, reduced by expenditure incurred wholly and exclusively in connection with that transfer. This definition limits deductible expenditure to costs directly and exclusively connected with the transfer. The same formulation applies for the specified purpose of section 341(9) of the Income Tax Act, 2025, and under section 11(1A) and section 54F of the Income Tax Act, 1961.
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