Calculation of capital gains on shares
This query is : Resolved
29 April 2012
Of the following charges, which should be considered for calculating LTCG:
Purchase - 100 shares @ Rs.448/- = Rs.44800/-
Add : Brokerage Rs.201.60 + Service Tax Rs.20.76 + STT Rs.56/-. Net Value = Rs.44800/- + Total Charges Rs.278.36 = Rs. 45078.36
Sale - 100 shares @ Rs.455/- = Rs.45500/-.
Less: Brokerage Rs.204.75 - Service Tax Rs.21.09 - STT Rs.56.46. Net Value = Rs.45500/- minus Total Charges Rs.282.31 = Rs. 45217.69.
Purchase - 100 shares @ Rs.448/- = Rs.44800/-
Add : Brokerage Rs.201.60 + Service Tax Rs.20.76 + STT Rs.56/-. Net Value = Rs.44800/- + Total Charges Rs.278.36 = Rs. 45078.36
Sale - 100 shares @ Rs.455/- = Rs.45500/-.
Less: Brokerage Rs.204.75 - Service Tax Rs.21.09 - STT Rs.56.46. Net Value = Rs.45500/- minus Total Charges Rs.282.31 = Rs. 45217.69.
CA PARTH SHAH
(Expert)
30 April 2012
LTCG WILL BE CALCULATED ON 45217-45078
CA Salman Mansoori
(Expert)
30 April 2012
All the expenses would be considered when buying and selling for capital gains.
08 May 2012
Both the experts are correct and I agree with them. LTCG depends on your holding period if it is less than 1 year then it is STCG and attracts 15%+3% Tax if it more than 1 year then the LTCG is exempted
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