Sir,
can please tell me whether selling expenses on sale of capital asset is deducted from sale consideration? if yes please specify sec No.
thanks in advance
Yes. Expenses in relation to Transfer of capital asset can be reduced to arrive at Net Consideration.
(In case of transfer of shares, STT paid cannot be deducted)
I dont think there is any specific section for the above. Its a prudent treatment to ensure only the Net consideration is subjected to CG tax. For more insights, you may refer the file attached.
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