(Querist) 01 March 2008
This query is : Resolved
I have got a query that whether Advocate's fees can be allowed as deduction u/s 57(3) in the following case?
Client received some compensetion after 20 years. The principal award amount is not charged to tax as capital receipt. But The interest amount is huge. Now he wishes to claim deduction of lawyer's fees from interest amount as he says it was is deductible u/s 57(3).