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?
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.
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