Stt

bj shrestha (student) (71 Points)

18 October 2012  

I have a query:

A company invests in securities of different companies through a portfolio Management company.

While purchasing Shares, it incures all expenses, brokerage , STT etc. Now my query is Whether that STT is included in Cost of Shares(Investment) or not?

Can that STT be shown as expenses in P/L Account?

Further, In the Statement given by the Portfolio Company, STT was not shown as Cost of Shares.

 

Please suggest the best Accounting Treatment.