Purchase of shares/securities
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
please tell me what is the accounting treatment for a broker who has purchased shares on behalf of client and later on client denies to take the delivery of same . The broker now receives dividend on such shares and wants to bring such shares in his books of accounts.
27 June 2014
take as his investment or purchases for trading . as you want
dividend income is exempt income.
dividend income is exempt income.
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