capital gain on shares

112 views 3 replies
hi,

if someone is trading in shares. how to calculate gain and loss as per income tax..

can we use the statement given by brokers like India bulls .

trading is for 12 lacs per day around .
Replies (3)
You can definitely use those statements. But the methodlogy for calculation of profits will depend on the type of transaction you are doing.

For example: If it is Intra day the method of calculating profit is different than from F&O Trading.

it will also depend on whether you are showing it as Income from Business and Profession or Capital Gains

Please elaborate.
it's only shares . no Futures option trading

If non delivery basis, take the difference of purchase & sales every day and aggregate them, negative to be treated as positive. Thats turnover in intraday trading. 

For delivery based trading actual purchase & sales as per the contract note.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register