Value of considration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2017 While buying / selling shares, broker is charging following :
1) Brokerage
2) Transaction Charge
3) Stamp Duty /Others Charges
4) GST
5) STT

Out of these which expanses can be claimed as cost of acquisition and expanses for selling.

SANJAY

Amol S Joglekar

Amol S Joglekar (Expert)
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08 August 2017 All the expenses can be considered

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2017 But I have read at some articles which says STT can not be claimed as expanse either while buying or selling. Any comments on this.

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Amol S Joglekar

Amol S Joglekar (Expert)
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09 August 2017 can you please send that article?

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2017 Link to the article is given below:

http://www.financialexpress.com/archive/stt-payment-not-allowed-as-expense-when-computing-income-under-capital-gains/1182542/

Amol S Joglekar

Amol S Joglekar (Expert)
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10 September 2017 the net amount which you receive after selling the shares is to be taken as the value of consideration.