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How to calculate short term capital gain for 2014-15

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2013 i have purchases a plot on 15/12/2012 rs 398115 and sales rs 630000 on 10/08/2012 how to calcultate the capital grain and my bussiness income is app 250000
how much the tax is given

14 August 2013 sales consideration 630000
Less: Purchase Price 398115

Short term capital gain 231885

14 August 2013 Short Term Capital Gain is calculated as under:

Sale Price
Less: Cost of acquisition

Indexation benefit is NOT available.

Accordingly in this case STCG will be Rs. 231885


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