How to determine short term capital gain?
This query is : Resolved
07 January 2018
should STT and other charges be considered with sale and purchase both value during determination of short term capital gain from sale of shares?
08 January 2018
If you sell equity shares, listed on a stock exchange, within 12 months of buying them, you will earn a short term capital gain..
Short term capital gain on =
Sale price
Less
a. expenditure incurred wholly and exclusively in connection with such transfer
b. Cost of acquisition
c. Cost of improvement
Note : No deduction will be allowed in respect of payments of Securities Transaction Tax (STT) in computing income under the head “Capital Gain”.
Short term capital gain on =
Sale price
Less
a. expenditure incurred wholly and exclusively in connection with such transfer
b. Cost of acquisition
c. Cost of improvement
Note : No deduction will be allowed in respect of payments of Securities Transaction Tax (STT) in computing income under the head “Capital Gain”.
08 January 2018
No deduction shall be allowed in computing the income chargeable under the head "Capital gains" in respect of any sum paid on account of securities transaction tax (Section 48)
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