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LTCG on sale of HP

08 November 2023

ASSESSE a NRI coming to India from UK for execution and regn of sale deed. Can the travel exp be claimed u/'s 48 alongwith other exp for the purposes of compt of LTCG.

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3 Replies

Vasudevan C P (403 Points)
Replied 09 November 2023

Such expenses incurred not claimable

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Anil Kumar Singh (51 Points)
Replied 09 November 2023

Reasons?

ramakrishna (Professional Accountant ) (65 Points)
Replied 12 November 2023

Allowable expenses must be "Wholly and Exclusively incurred in connection with such transfer" if we start allowing it then food and accommodation for staying in hotel etc will also have to be added to such transfer expense.