Net consideration defined as consideration less transfer-related expenditure, governing capital gains computation under relevant income tax provisions. Net Consideration is the full value of the consideration received or accruing from transfer of a capital asset, reduced by expenditures incurred wholly ... Summary
Net consideration defined as consideration less transfer-related expenditure, governing capital gains computation under relevant income tax provisions.
Net Consideration is the full value of the consideration received or accruing from transfer of a capital asset, reduced by expenditures incurred wholly and exclusively in connection with that transfer, and is the operative measure used in computing capital gains for income tax purposes.
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