Treatment of expenses while calculating cap gain on shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2012
friends can anyone tell that while calculating capital gain on sale of shares , what will be the treatment of expenses incurred on transaction , such as service tax , turn tax , other charges etc.
whether these will be deducted from sale consideration or will be ignored.
whether these will be deducted from sale consideration or will be ignored.
21 November 2012
Service tax, transaction tax and brokerage paid at the time of purchase shall be added to the cost of the asset.
Similarly, service tax, transaction tax and brokerage paid at the time of sale shall be reduced from the selling price.
Please note that Securities Transaction Tax (STT) is NOT allowed as deduction.
Accordingly it will NOT be added to the cost and it will NOT be reduced from the selling price.
Similarly, service tax, transaction tax and brokerage paid at the time of sale shall be reduced from the selling price.
Please note that Securities Transaction Tax (STT) is NOT allowed as deduction.
Accordingly it will NOT be added to the cost and it will NOT be reduced from the selling price.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2012
thank you very much Siddhartha Bhardwaj
21 November 2012
You are welcome. You should use the thanks button to convey your thanks.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Resigning a auditor from the company for misconduct
- Capital gain on sale and purchase of plot
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
