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Stamp duty on purchase of Mutual Fund units

Rohit Vijay (CA Finalist)     02 July 2020

Rohit Vijay
CA Finalist 
 23 points

| My Other Post

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? 


Bhavin Shah (Chartered Accountant)     04 July 2020

Bhavin Shah
Chartered Accountant 
 40 likes  816 points

View Profile | My Other Post

It should be treated as part of cost of acquisition....

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