Brokerage

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capooja (Querist)
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24 August 2016 why we add brokerage in purchase and deduct brokerage from sales please suggest me with suitable example.

ACA Anurag (Expert)
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24 August 2016 Dear pooja,

It's a concept of AS 13. please refer AS 13 for detail knowledge.

Kindly like if my response has helped you

CA Sumit Shastri (Expert)
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24 August 2016 Because as per AS 13 brokerage forms part of cost of acquisitions and in case of sale cost incurred to sell. Hope it clarifies...

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