Treatment of stt in share trading

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 I an a trader in shares. What should be the treatment of STT while posting purchase price in accounting entry. Whether purchase should be shown inclusive of STT or otherwise

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 January 2015 Purchase should be shown inclusive of STT.

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2015 Another question please whether sale of shares should be shown exlusive of STT ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 April 2015 Yes sale of shares to be shown exclusive of STT. Deduct STT from sale price.

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