How to treat share investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2014
How to Treat the share investment in case of individual and in case investment made by Firm/Pvt. Ltd./Ltd. cos. what is the Tax treatment for STT, Service Tax, Turnover charges, Stamp Duty etc.,. How to account the same?. Please explain in details, with valuable information.
07 May 2014
if you are holding these shares as investment, then STT is not allowed as expense. Service tax, brokerage and stamp duty is included in the cost itself. DP charges should be included as cost of transfer.
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