Calculation of Capital Gain / Loss

This query is : Resolved

Vijay Kr. Mishra (Querist)
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06 June 2009 Please Calculate Capital Gain / Loss in Shares on given 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 )

Can X claim expenses incurred on DMAT charges for buying & selling.

Radheyshyam Falod

Radheyshyam Falod (Expert)
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06 June 2009 Cost & Sale price will be excluding STT
Nos. of Share Purchase 100.00
Price 12,021.40
(Excluding STT)
Sold Share 75.00
Sale Price 10,858.00
(Excluding STT)
Cost of Sold 75 Shares 9,016.05 (12021.4/100*75)
Profit on Sale 1,841.95 (10858 - 9016.05)
Tax on STCG @ 15%

You have posted your query both in forum as well as experts column. Demat charges can be claimed if levied for the above transactions

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