Calculation of Capital Gain / Loss

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Vijay Kr. Mishra (Querist)
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04 June 2009 Dear Members, Please tell me how can i Calculate my Capital Gain / Loss in Shares, For example :-

Purchase details : On 15 June 2008, X Purchases 100 Shares in For Rs. 12,000.00 ; at the time of purchase X pays : Brokerage Rs. 6.15; Transaction Charges Rs. 2.50; Stamp Duty Rs. 3.25; Service Tax Rs. 9.50; STT Rs. 18.00.
( Total Amount X pays for 100 Shares 12,000.00 + 6.15 + 2.50 + 3.25 + 9.50 + 18.00 = 12,039.40 )

Sales details : On 20 March 2009, X Sells 75 Shares For Rs. 10,875.00; at the time of Sales X pays : Brokerage Rs.5.25; Transaction Charges Rs.1.85; Stamp Duty Rs. 2.25; Service Tax Rs.7.50; STT Rs. 16.00.
( Amount Realised after paying Charges & Taxes: 10,875.00 - 5.25 – 1.85 – 2.25 – 7.50 – 16.00 = 10,842.15 )

CA.Pujah

CA.Pujah (Expert)
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05 June 2009 As X transfers the shares within 12 months of purchase, it's a short term capt gain.
Full value of consideration:
sale price:Rs 10875
less: exp on tfr: Rs.5.25+2.25+1.85=9.35
Net consideration: 10865.65
less: cost of acqn=9000+4.61+4.31=9008.92

capt gain= 1856.73

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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05 June 2009 Net Short Term Capital Gain U/s 111A would be = 1856.73 - 14.63(Service Tax Component not considered in above calculation) = 1842.10.

It would be taxed at the flat rate of 15%.

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