The entry for purchase of shares has been passed as :
DLF A/c Dr. 10,000
STT A/c Dr. 12
Stamp Duty A/c Dr 9
Brokerage A/c Dr 57
Service Tax A/c Dr. 112
Other Charges A/c Dr. 50
To Brokers name A/c 10,240
The entry for sale of shares has been passed as :
Brokers name A/c Dr. 12,000
STT A/c Dr. 25
Service tax A/c Dr. 115
Brokerage A/c Dr. 50
Stamp Duty A/c Dr. 14
Other charges A/c Dr. 16
To DLF A/c 12,220
Are the above 2 entries passed correactly ?
Then can someone pls help me with the calculation of capital gains.
Is it necessary to show the various expenses or charges separately as i think
from this year STT is also allowable ?
CAclubindia
