Taxpayer's Brokerage Expenses Must Be Allowed in Capital Gains if Confirmed by Brokers and Tax Assessed.

Taxpayer's Brokerage Expenses Must Be Allowed in Capital Gains if Confirmed by Brokers and Tax Assessed. https://www.taxtmi.com/highlights?id=54846 Disallowance of brokerage expenses while working out the capital gains - when the assessee has duly filed confirmations from all the brokers to whom commission has been paid and they are also assessed to tax, adverse inference cannot be drawn against the assessee if the brokers to whom the brokerage amount has already been paid and the assessee even had no moral pressure. - AT en-us Mon, 21 Sep 2020 11:18:34 +0530 Mon, 21 Sep 2020 11:18:34 +0530 TaxTMI RSS Generator Taxpayer's Brokerage Expenses Must Be Allowed in Capital Gains if Confirmed by Brokers and Tax Assessed. https://www.taxtmi.com/highlights?id=54846 Disallowance of brokerage expenses while working out the capital gains - when the assessee has duly filed confirmations from all the brokers to whom commission has been paid and they are also assessed to tax, adverse inference cannot be drawn against the assessee if the brokers to whom the brokerage amount has already been paid and the assessee even had no moral pressure. - AT Highlights Income Tax Mon, 21 Sep 2020 11:18:34 +0530 https://www.taxtmi.com/highlights?id=54846