Professional Fees Excluded from Short-Term Capital Gains Calculation u/s 48 of Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenses incurred (professional Fee or Management fee) to earn short term capital gains. - Fees cannot form part of computation of capital gains u/s 48 and has to be ignored..... - AT....