Capital gain correct

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Pivate
1492 Points Posted on 03 March 2022
Dear Sir

please suggest STCG is correct or wrong

Buying shares

Investment in shares Rs.58990/-
buying exp.eg.brokage etc Rs.110
Broker CR. 59100

Sale shares
Bank account 59550
Expenses.150
investment in shares CR.59700


STCG = 59700-59100-150 = 450 @ 15% 68/-
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On 03 March 2022 at 16:35 Report
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Quick Summary
This discussion clarifies the calculation of Short Term Capital Gains (STCG) tax on share investments. It provides a worked example showing how to determine the taxable gain by deducting buying expenses, brokerage, and selling costs from the sale proceeds. The post also prompts for confirmation of STT payment and notes the removal of Section 10(38).

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SEO Sai Gr. Hosp.
212506 Points Posted on 04 March 2022

Specify STT paid while selling...

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On 04 March 2022 at 14:43
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GST Practitioner & Accounts
15150 Points Posted on 05 March 2022
Have you paid STT ?.
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On 05 March 2022 at 11:14
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Profession
28267 Points Posted on 06 March 2022
Sec 10(38) Is removed .
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On 06 March 2022 at 12:09

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