Long turm capital gain on sale of share

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2014 Dear Sir

what is treatment of brokerage charges & service tax while computing income from LTCG?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

28 December 2014 These will form the cost of purchase and as such added to the cost of acquisition.
.
At the time of sales, these costs are incurred in connection with the selling of the capital asset and as such can be deducted from the Sales consideration and can be deducted as Expenditure incurred wholly and exclusively in connection with such transfer.

Message likes : 1 times