if I am doing trading buying and selling the Equity share in short term , so whether I have to add all related expenses like
1) STT
2) BROKERAGE
3) OTHER'CHARGE.
PLEASE HELP ME
thanks
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CALCULATION OF EQUITY SHARES SHORT TERM CAPITAL GAINS
Replies (3)
Quick Summary
If you are investing in shares and earings short term capital gain , then all above expenses will be Cost of aquisition .
Sale Consideration
less expenses incurred in relation to accquistion of cost of the asset.
less expenses incurred in relation to accquistion of cost of the asset.
MEASUREMENT-Except for trade receivables within the scope of paragraph 5.1.3, at initial recognition, an entity shall measure a financial asset or financial liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. I remember something similar in AS
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