Capital Gain STCG

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/-
Replies (2)
Quick Summary
This discussion clarifies the calculation of Short Term Capital Gains (STCG) on share investments. It highlights that only net sale consideration should be used, and brokerage on buying shares is not an allowable expense for STCG calculation. The correct method involves deducting the purchase price (including buying expenses) from the sale price (less selling expenses). It also mentions the grandfathering clause for shares bought before 31 January 2018.

Please consider only net sale consideration. so u have calculate CG accordingly
Brokerage during buying not allowed as expense.
sale
no of shares X sale price per share
less brokerage during sale
less no of shares X buy price per share

In case share was bought before 31 01 2018 apply grandfathering clause

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