Long term capital gains from sale of equity shares .
When capital gain arises,where to include or exclude brokerage charges to arrive net capital gains.
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Cap gains tax
Replies (4)
When your capital gains exceeds Rs.1lacs then entire capital gains is taxable .
Brokerage expenses on sales are transfer expenses and same is always allowed to calculate capital gain.
Cost of equity shares add indexed cost of acquisition.
deduct from sale consideration.
TO ARRIVE AT CAPITAL GAINS TAX. CHARGE RELEVANT PERCENTAGE.
deduct from sale consideration.
TO ARRIVE AT CAPITAL GAINS TAX. CHARGE RELEVANT PERCENTAGE.
Foreign exchange fluctation gain is taxable on what rate
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