What Do we take as acquitiion cost of shares.
Do we include Stamp duty and STT in cost of share besides brokerage.
Rohit Tulshyan (RTProfessionals) (333 Points)
17 September 2011What Do we take as acquitiion cost of shares.
Do we include Stamp duty and STT in cost of share besides brokerage.
Prakash
(Chartered Accountant)
(560 Points)
Replied 17 September 2011
Ofcourse yes we have too consider
As per AS-13, Cost of Investment includes Purchase Price and Aquisition charges such as Brokerage, Fees and duties etc
So, Include Brokerage, Stamp duty and STT (If any, As No STT for Intra Day Trade on Buy, but exists for Delivery)
Gil Burt
(admin)
(38 Points)
Replied 19 September 2011
now the conditon of investment is high competition .............................
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