Taxation on capital gains
This query is : Resolved
17 March 2011
Senario1: If I buy a share in march 2010 and sell it in june 2010.
Senario2: If I buy shares in April 2010 and hold it.
Request your help in calculation stcg for both senarios.
Senario 1: should i deduct the brokerage and taxes from the stcg for the share I purchase in mar 2010 (for A.Y. 2011-12)
Senario2: is the brokerage and taxes for the share i hold are deductible from stcg gained from other trades.
Senario2: If I buy shares in April 2010 and hold it.
Request your help in calculation stcg for both senarios.
Senario 1: should i deduct the brokerage and taxes from the stcg for the share I purchase in mar 2010 (for A.Y. 2011-12)
Senario2: is the brokerage and taxes for the share i hold are deductible from stcg gained from other trades.
07 August 2011
Case 1: it is Short term capital gain and exp for transfer allowed except STT.
Case 2: no deduction taken form other trades.
Case 2: no deduction taken form other trades.
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