TMI BlogPMS expenses paid to portfolio managers being management expenses incurred with respect to securities /...PMS expenses paid to portfolio managers being management expenses incurred with respect to securities / funds of the assessee being managed by portfolio managers are not allowable as deduction u/s 48 from the full value of consideration on sale of securities received or accruing to the assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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