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Stamp duty on purchase of Mutual Fund units

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CA Finalist
23 Points Posted on 02 July 2020
After the introduction of stamp duty, will there be any change in accounting with respect of purchase of new mutual fund units since 0.005% duty will be levied? 
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On 02 July 2020 at 23:31 Report
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Chartered Accountant
821 Points Posted on 04 July 2020
It should be treated as part of cost of acquisition....
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On 04 July 2020 at 06:31
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2 Points Posted on 13 June 2021

In case of sale of units, should the cost be considered investment amount or the amount after deducting stamp duty in mutual funds ?

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On 13 June 2021 at 22:48


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