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.
Aditya Maheshwari
(Expert)
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.
CA Ashok Kumar Sahu
(Expert)
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.
Aditya Maheshwari
(Expert)
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.
kartik_somu
(Expert)
16 April 2010
agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Transfer of Physical Stock Between Two Proprietorship Concerns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
