Court Rules Mortgage Discharge Payments Qualify as Transfer Expenses for Capital Gains Under Income Tax Act Sections 48 & 50.

Court Rules Mortgage Discharge Payments Qualify as Transfer Expenses for Capital Gains Under Income Tax Act Sections 48 & 50. https://www.taxtmi.com/highlights?id=24131 Computation of capital gain - claim of expenses u/s 48 - the amount paid by the appellant to the Bank for discharge of the mortgage has to be taken as expenses relating to transfer and it is wholly and exclusively incurred for the transfer u/s 50 of the Income Tax Act, 1961 - HC en-us Sat, 08 Aug 2015 08:23:48 +0530 Sat, 08 Aug 2015 08:23:48 +0530 TaxTMI RSS Generator Court Rules Mortgage Discharge Payments Qualify as Transfer Expenses for Capital Gains Under Income Tax Act Sections 48 & 50. https://www.taxtmi.com/highlights?id=24131 Computation of capital gain - claim of expenses u/s 48 - the amount paid by the appellant to the Bank for discharge of the mortgage has to be taken as expenses relating to transfer and it is wholly and exclusively incurred for the transfer u/s 50 of the Income Tax Act, 1961 - HC Highlights Income Tax Sat, 08 Aug 2015 08:23:48 +0530 https://www.taxtmi.com/highlights?id=24131