Value of considration


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 August 2017 While buying / selling shares, broker is charging following :
1) Brokerage
2) Transaction Charge
3) Stamp Duty /Others Charges
4) GST
5) STT

Out of these which expanses can be claimed as cost of acquisition and expanses for selling.

SANJAY

08 August 2017 All the expenses can be considered

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 August 2017 But I have read at some articles which says STT can not be claimed as expanse either while buying or selling. Any comments on this.

09 August 2017 can you please send that article?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 September 2017 Link to the article is given below:

https://www.financialexpress.com/archive/stt-payment-not-allowed-as-expense-when-computing-income-under-capital-gains/1182542/

10 September 2017 the net amount which you receive after selling the shares is to be taken as the value of consideration.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details