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Niladri Ghosh (Querist)
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09 February 2011
Can any one suggest me the computation of capital gain & entry for Buy and Sale of shares through Demat account? whether brokerage, service tax, turnover tax etc. pid needed to be account for or only net transaction amount will consider for calculating capital gain? Please advice me with illustration.

Ugra Sen Singh

Ugra Sen Singh (Expert)
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10 February 2011 Purchase of Share

Share A/c Dr
To Broker A/c

Sales of Sahres

Broker A/c Dr
To Share A/c

in purhcase all the expenses add & in sales transaction less brokerage only

IF share hold more then 365 days then treated as long term profit other then that short term