Value of considration

This query is : Resolved

Querist : Anonymous

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

08 August 2017 All the expenses can be considered

Querist : Anonymous

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.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

09 August 2017 can you please send that article?

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2017 Link to the article is given below:

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

Value of considration

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

Article Assistant

CA Final

GST CONSULTANCY