Long turm capital gain on sale of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2014
Dear Sir
what is treatment of brokerage charges & service tax while computing income from LTCG?
what is treatment of brokerage charges & service tax while computing income from LTCG?
CA PARAS BAFNA
(Expert)
28 December 2014
These will form the cost of purchase and as such added to the cost of acquisition.
.
At the time of sales, these costs are incurred in connection with the selling of the capital asset and as such can be deducted from the Sales consideration and can be deducted as Expenditure incurred wholly and exclusively in connection with such transfer.
.
At the time of sales, these costs are incurred in connection with the selling of the capital asset and as such can be deducted from the Sales consideration and can be deducted as Expenditure incurred wholly and exclusively in connection with such transfer.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- RCM and same line
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
