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Calculation of Capital Gain / Loss

Tax queries 2953 views 3 replies

Dear Members, Please tell me how can  i  Calculate my Capital Gain / Loss  in Shares, For example :-

 

            Purchase details : On   15 June 2008,  X  Purchases 100 Shares in  For    Rs. 12,000.00 ;  at the time of purchase X  pays :  Brokerage Rs. 6.15; Transaction Charges Rs. 2.50;  Stamp Duty Rs. 3.25;  Service Tax Rs. 9.50;  STT  Rs. 18.00. 

( Total Amount  X  pays for 100 Shares  12,000.00 + 6.15 + 2.50 + 3.25 + 9.50 + 18.00  = 12,039.40 )

 

 

            Sales  details : On   20 March 2009,  X  Sells 75 Shares  For  Rs. 10,875.00;  at the time of  Sales  X  pays :  Brokerage  Rs.5.25;  Transaction Charges  Rs.1.85;  Stamp  Duty  Rs. 2.25;  Service Tax  Rs.7.50;  STT  Rs. 16.00.

            ( Amount Realised after  paying Charges & Taxes: 10,875.00 - 5.25 – 1.85 – 2.25 – 7.50 – 16.00  = 10,842.15 )

 

Replies (3)

Calculate cost of Sold 75 Shares 

Nos. of Share Purchase 100  
Price 12039.4  
Sold Share 75  
Sale Price 10842  
Cost of Sold 75 Shares 9029.55  (12039.4/100*75)
Profit on Sale 1812.45   (10842-9029.55)

 

there is a mistkae in the above calculation

Cost & Sale price will be excluding STT
Nos. of Share Purchase        100.00
Price  12,021.40
(Excluding STT)
Sold Share          75.00
Sale Price  10,858.00
(Excluding STT)
Cost of Sold 75 Shares  9,016.05  (12021.4/100*75)
Profit on Sale  1,841.95  (10858 - 9016.05)
Tax on STCG @ 15

 

Yes . This is the Answer of the Question .

But  if he sold the share 70 then what will be the impact & how the Balance Amount will reflect in Tally under investment for the remaining 5 shares. 

As it will reflect in Demat , but how will it Disclose in Tally.

 

 


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