Service tax on shares sale purchase transactions
This query is : Resolved
kshitij shah
(Querist)
13 December 2012
Hi. is service tax paid on sale or purchase of shares an allowable expenditure while computing capital gains.
CA bhargava
(Expert)
13 December 2012
In the above transactions service tax is collected on the charges for the sale or purchase transaction ., which may be brokerage., commission, handling chgs., etc., so the service tax collected on that is liable to deduct to compute the capital gain
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