Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In with Facebook Sign In with Google Sign In with OpenID Sign In with Twitter

New Feature: Allocation of Charges to Purchase Amount and Sale Amount for Capital Gains Calculations

edited November 2014 in General
Q: How do I transfer charges such as service tax, transaction charges, stamp charges in contract notes to purchase amount and sale amount so that my capital gains gets reduced and my tax liabitlity also reduces?

A: We have released the new update and we have provided this feature.
Click Activity Menu->Transfer stock contract note charges

This feature will allocate all the charges (excluding STT) proportionately to all stokcs and will be added to purhase amount and reduced from sale amount. This feature will make all the charges in contract notes to zero except STT. This feature should be used at the end of the financial year as once used, the action cannot be undone.

image
image
Tagged:
Sign In or Register to comment.