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A/c treatment of Exp paid at time of Buy and sale

Dipak Singh ( company secretary) (58 Points)

29 March 2011  

Dear Members,

Please give me accounting treatment  for expenses like Brokerage, STT, Stamp,Service tax, and transaction & sebi turnover charges, paid at the time of Buy and sale of shares online. while sale of 200 shares my Bank A/c has been credited after adjusting all exp of Brokerage and others, i.e 20000 net  (Brokerages and others 500) and this no of shares were purchased of RS 15000+300 (Brokerages and others),then how much amount i will credit in STCG.



Dipak Singh 

 1 Replies

U S Sharma (glidor@gmail.com) (21031 Points)
Replied 31 March 2011

in cost of acquisition  add all expenses to cost, except STT ( security transaction tax)

in sale proceeds deduct all expenses from sale except STT

sale proceeds - cost = STCG

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