Calculation of capital gain.
This query is : Resolved
13 January 2016
hi. can any one help me to calculate short term and long term capital gain of shares. How to calculate this gain when the person doing transaction through DMAT account. how to calculate F & O calculation. please provide me excel sheet for such calculation
13 January 2016
Assuming these are listed equity shares liable for STT payment, then the applicable sections are:
STCA (period of holding not in excess or equal to 12 months) --> at a special rate 15% of tax u/s 111A;
LTCA (period of holding in excess of 12 months) --> exempt u/s 10(38).
Also on assuming these are unlisted equity shares and not liable for STT payment, then the applicable sections are:
STCA: (period of holding not in excess or equal to 36 months) --> at normal rates of tax u/s 45
LTCA: (period of holding in excess of 36 months) --> Tax payable u/s 112 with indexation in case of resident.
Note: In case of non-residents as per first proviso to section 48.-
1. No indexation benefit is available for non-resident;
2. Sale proceeds has to be converted into foreign currency in which shares were purchased;
3. Capital gain has to be reconverted into INR to compute tax liability.
STCA (period of holding not in excess or equal to 12 months) --> at a special rate 15% of tax u/s 111A;
LTCA (period of holding in excess of 12 months) --> exempt u/s 10(38).
Also on assuming these are unlisted equity shares and not liable for STT payment, then the applicable sections are:
STCA: (period of holding not in excess or equal to 36 months) --> at normal rates of tax u/s 45
LTCA: (period of holding in excess of 36 months) --> Tax payable u/s 112 with indexation in case of resident.
Note: In case of non-residents as per first proviso to section 48.-
1. No indexation benefit is available for non-resident;
2. Sale proceeds has to be converted into foreign currency in which shares were purchased;
3. Capital gain has to be reconverted into INR to compute tax liability.
gbalakrishnan
(Expert)
14 January 2016
pravin kumar is right
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
