Cancellation Expenses Not Deductible Under Capital Gains; Only Direct Transfer Costs Allowed as Deductions.

Cancellation Expenses Not Deductible Under Capital Gains; Only Direct Transfer Costs Allowed as Deductions. https://www.taxtmi.com/highlights?id=37153 Under the head Capital gains only direct expenses relatable to transfer of property are allowed as deduction. Therefore, the cancellation expenses should not be held to be incurred either for acquiring the property or for transfer of property - AT en-us Tue, 12 Dec 2017 10:26:09 +0530 Tue, 12 Dec 2017 10:26:09 +0530 TaxTMI RSS Generator Cancellation Expenses Not Deductible Under Capital Gains; Only Direct Transfer Costs Allowed as Deductions. https://www.taxtmi.com/highlights?id=37153 Under the head Capital gains only direct expenses relatable to transfer of property are allowed as deduction. Therefore, the cancellation expenses should not be held to be incurred either for acquiring the property or for transfer of property - AT Highlights Income Tax Tue, 12 Dec 2017 10:26:09 +0530 https://www.taxtmi.com/highlights?id=37153