CA Shraddha Vora (Employee) 22 July 2016
A Individual has been charged a huge amount as Performance Link Fees by HDFC REP (Real Estate Portfolio ) . Fees pertains to 7 years which was tenure of Fund. As per SEBI guidelines they couldnt charge fees on yearly basis and where allowed to charge it only at the time of maturity .Which is leading to huge expense in this year. Please let me know if I can claim the same as Cost while calculating Capital Gains from the fund ? Or is there any other way to claim deduction ?
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 01 August 2016
The expenditure can be minus in the calculation of capital gans. the Capital Gains, type of assets, time of holding assets, Cost of acquisition, Cost of improvements, Expenditure incurred exclusively in connection with the transfer. Exemptions allowed under the income Tax Act, Capital Loss.
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