PMS fees on short-term capital gains from shares not deductible u/s 48 of Income Tax Act.

PMS fees on short-term capital gains from shares not deductible u/s 48 of Income Tax Act. https://www.taxtmi.com/highlights?id=40378 Deduction on account of portfolio management (PMS) fees allocated towards the Short term capital gains on sale of shares u/s 48 - the same not being an expenditure incurred wholly and exclusively in connection with the transfer of the shares out of which STCG had arisen to the assessee - expenditure not allowed. en-us Mon, 16 Jul 2018 12:45:21 +0530 Mon, 16 Jul 2018 12:45:21 +0530 TaxTMI RSS Generator PMS fees on short-term capital gains from shares not deductible u/s 48 of Income Tax Act. https://www.taxtmi.com/highlights?id=40378 Deduction on account of portfolio management (PMS) fees allocated towards the Short term capital gains on sale of shares u/s 48 - the same not being an expenditure incurred wholly and exclusively in connection with the transfer of the shares out of which STCG had arisen to the assessee - expenditure not allowed. Highlights Income Tax Mon, 16 Jul 2018 12:45:21 +0530 https://www.taxtmi.com/highlights?id=40378