Section 111A
Deepthinker (33 Points)
21 October 2019
Cost of acquisition includes expenses such as turnover charges, brokerages at the time of purchase in case of short term gains??
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195248 Points)
Replied 21 October 2019
Yes, when the charges are paid in appropriation to the transaction/s.
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 21 October 2019
Yes it should include
Kapadia Pravin
(17264 Points)
Replied 23 October 2019
As per broker contract note such charges are included in the contract note itself and therefore contract note Total is purchase / acquisition cost. (all inclusive)
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