[GNC] Advanced Portfolio Report - Brokerage Fees

[Paras Desai]

Hi

The tax deducted at source before payout is kind of advance tax, and it becomes your tax credit.

So ideally you should create an asset account named "advance Tax" or "Tax deducted at source" and post the deducted amount by bank in this asset account. You need to identify the brokerage fee seperately and post as brokerage expense.

By thing this, you advance portfolio report will come correctly and will match with the capital gain tax posted by you as a result of split.

Hope this will work!

Paras