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Right shares.investment accounts

Sir, when in question given that brockerage of 2 percent.for buying and selling shares. Can we consider that brockerage for right shares sold... In below question it is given 50 Percent of shares sold@5rupees ..in this transaction can we consider brockerage of 2 percent

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Star Ca

Star Ca

CA Inter

3K+

05-Feb-20 13:04

46

Answers (4)

I think ,selling the shares is different from right entitlement (renouncing).hence brokerage is only on selling of shares but not on renouncing the rights. Even I don't know exactly.


Divya tejasri

Divya tejasri

CA Inter

8K+

18-Feb-20 11:05

Brokerage will be paid on only purchase and sale of share, On getting bonus share, right shares no brokerage was paid, and not consider brokerage in bonus share or right share or renouncing rights. Simply on getting right shares no brokerage will be considered because right are sold by Companies directly hence no brokerage. But on sale of those right share brokerage will be paid if you purchase the rights, if you renounce rights no brokerage


Pandurangan V

Pandurangan V

CA Inter

695

21-Feb-20 11:42

Thanks for giving the beautiful reason

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Pandurangan V

Pandurangan V

CA Inter

695

22-Feb-20 15:22

Happy Mother's Day
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