Sebi Tax on sale of shares


This query is : Resolved 

Quick Summary
This discussion clarifies the nature of SEBI tax on share sales, specifically whether it's an expense for the seller. It explores how to account for this tax, whether it should be debited or credited in sales entries, and its potential effects. Guidance is also sought on the appropriate accounting group for maintaining SEBI tax records and whether it should be debited to sales or purchases.

(Querist)
02 May 2023 Sebi Tax on sale of shares.
is expenses for seller or any other nature.

02 May 2023 Reduce such tax from sale value.

Daya (Querist)
02 May 2023 the Sebi tax should be debited or credited
while making entry of sales of shares and if credited then will be any effect.

Daya (Querist)
02 May 2023 SEBI Tax under which accounting group should be maintained in accounting,
sir please reply.

02 May 2023 Debit it to sale or purchase of shares.


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