Calculation of Capital Gain / Loss
This query is : Resolved
Vijay Kr. Mishra
(Querist)
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.
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
(Expert)
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
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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