if I am doing trading buying and selling the Equity share in short term , so whether I have to add all related expenses like
1) STT
2) BROKERAGE
3) OTHER'CHARGE.
PLEASE HELP ME
thanks
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 26 May 2022
If you are investing in shares and earings short term capital gain , then all above expenses will be Cost of aquisition .
sabyasachi mukherjee
(27642 Points)
Replied 26 May 2022
Sale Consideration
less expenses incurred in relation to accquistion of cost of the asset.
less expenses incurred in relation to accquistion of cost of the asset.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 26 May 2022
MEASUREMENT-Except for trade receivables within the scope of paragraph 5.1.3, at initial recognition, an entity shall measure a financial asset or financial liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. I remember something similar in AS
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