Investment cost

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vishal rana (Querist)
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04 March 2016 Sir Brokerage ,securites transaction tax,transaction charges,service tax nd service tax on transaction charges ...all these expenses included in d cost of purchase of share(investment cost)?? or all these charges shown as a revenue expenditure???? For example 1.4.2015 100 share of relince purchase at price 20 rs nd same shares sold on this day 50 share at rs 23 And all other charges..50 rs..net bill due from broker is rs...900(2000+50-1150) How this entry made in books of account ??

CA Vap Patel

CA Vap Patel (Expert)
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04 March 2016 you can take all expenses in your cost of acquisition except STT and at the time of sale also you can deduct all expenses from sale except STT. Hence apart from STT you can consider all expenses

Purchase Entry
Purchase Share co A/c Dr 2000
Expenses on Purchase Dr xxx
To Broker A/c Cr 2000+xxx

Sale Entry
Broker A/c Dr 1100
Expenses A/c 50
To Sale Share Co. 1150

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