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.