STCG in case of shares
This query is : Resolved
16 April 2010
Dear All,
I want to know how to calculate short term capital gain in case of share transactions.
Whether Brokerage, Service Tax, Security Transaction Tax, Stamp Duty and Regular charges as charged in bills are deductible in the calculation of short term capital gain?
Thanks.
I want to know how to calculate short term capital gain in case of share transactions.
Whether Brokerage, Service Tax, Security Transaction Tax, Stamp Duty and Regular charges as charged in bills are deductible in the calculation of short term capital gain?
Thanks.
16 April 2010
In case of short term capital gain in case of share transactions Brokerage, Service Tax, Stamp Duty and Regular charges as charged in bills are deductible in the calculation of short term capital gain but not Security Transaction Tax.
16 April 2010
STT is also deductible from the F.y. 2008-09
16 April 2010
Agree with Aditya Ji.
Your cost price should not include STT and your sale price should not be reduced by STT.
STCG= S.P. - C.P.
Were C.P= Price inclusive of Service tax, stamp duty etc, but excluding STT.
S.P= Price exclusive of Service Tax, stamp duty etc, but inclusive of STT.
Your cost price should not include STT and your sale price should not be reduced by STT.
STCG= S.P. - C.P.
Were C.P= Price inclusive of Service tax, stamp duty etc, but excluding STT.
S.P= Price exclusive of Service Tax, stamp duty etc, but inclusive of STT.
16 April 2010
STT allowable as deduction for income from business & profession only and not from capital gains w. e. f 01.04.2008.
16 April 2010
AGREE STT DEDUCTION IS NOT ALLOWABLE FROM CAPITAL GAINS.
16 April 2010
agree
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