Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

PMS SERVICE

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)

02 April 2018

Can anyone tell me...whether Portfolio services taken by me and service charges paid for the same are eligible to capitalize to cost of shares acquisition

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160835 Points)
Replied 03 April 2018

These are accounted as revenue expenses, deductible against profit earned. (or c/f. as loss)

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 08 April 2018

why not indexation benefits, as my expense amount is blocked for so many years ie from the date of service taken to the date of sale of such security.

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 08 April 2018

i appreciate ur answer sir, but why not capitalized..suppose i take PMS service to buy a stock on year 1 and sold on year 8..then why so indexation do not come to in picture..as my amount of expense is blocked for 8 years..?

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 08 April 2018

why not indexation benefits, as my expense amount is blocked for so many years ie from the date of service taken to the date of sale of such security.