Hi,
I am an individual investor and I have a few doubts in regard to computation of Capital Gains. Does Brokerage, Service tax and STT incurred in connection with transfer (Buy/sell) of Equity shares traded in NSE/BSE through DELIVERY become part of cost of acquisition?
Whether STT can be treated as advance tax and adjusted against Short term capital gain?
If the shares are bought in one FY and sold in subsequent/other FY, Whether the expenses like Brokerage, Service tax and STT incurred while Buying be included in investment or be charged to capital a/c (or Expenditure A/c) in the FY in which shares are bought?
Lakshmi
CAclubindia
