PMS fees are deductible from capital gains as two plausible legal interpretations exist under Section 48.
PMS fees are deductible from capital gains as two plausible legal interpretations exist under Section 48. Issue Whether Portfolio Management Service (PMS) fees/charges can be claimed as a deduction under Section 48 of the Income-tax Act, 1961 / Section 72 of the Income-tax Act, 2025 as expenditure incurred wholly and exclusively in connection with the… Read More »