Dear Sir,
during purchased and sale of stock we have paid some expenses for eg. brokerage, stamp duty, service tax etc please suggest in which group i crate the ledger all expenses in tally
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Equity Share purchase & sale expenses
Replies (1)
It depends on your nature of business.
If your business is purchase & sale of shares then you can directly debit in P & L as brokerage , stamp duty , turnover tax etc
If it comes under capital gain then you need to adjust in purchase & sale value
If your business is purchase & sale of shares then you can directly debit in P & L as brokerage , stamp duty , turnover tax etc
If it comes under capital gain then you need to adjust in purchase & sale value
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