taxation on share trading

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Amit (Querist)
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20 June 2009 i have a lots of shares of diff. companies. i trade daily in shares market.
then i want to know that what will be the method to calculate the STCG and also tax on the same.
suppose i have purchase the 25 shares of A co.on 5th may @ 50/-per , also 25 shares on 7 may @ 52/-per and 10 shares on 10 may @ 53/-.
on 12 may 40 shares sold out @ 52.50 per.
then in this case what rate i will take to calculate the gain

thanx
caamitbansal2007@gmail.com

CA Kartik Pandya

CA Kartik Pandya (Expert)
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26 June 2009 You should consider Rs.51.33 per sahre for selling of this 40 shares i.e. average buying price per share.

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