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Section 111A

Others 203 views 3 replies

Deepthinker

33 Points Posted on 21 October 2019

Cost of acquisition includes expenses such as turnover charges, brokerages at the time of purchase in case of short term gains??

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 21 October 2019

Yes, when the charges are paid in appropriation to the transaction/s.

CA Dhruva Kalamanji

Chartered Accountant

1996 Points Posted on 21 October 2019

Yes it should include

Kapadia Pravin

17264 Points Posted on 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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