Menu
Capital gains
How to calculate short term / long term gain on shares? Do we need to consider no. of days?
Replies (5)
Hello Riddhi,
For computration of gain or loss on shares, just see their acquisition date and the date of sale the difference should be 12 months above to qualify as long term , yes no. of days shall be considered for computation
agree with saurabh sir but a small correction it is 12 months, however if it is long term capital gain and listed in stock exchange then long term capital gain is exempted under 10(38)
thank you and one more help. can you show me with an example for no. of days calculation for short term capital gain
shares of xyz ltd purchased on 1.5.2016 for Rs.1000 per share, total 100 shares were purchased, on 14th july, 95 shares sold at 110/- per share.
period of holding: 31+30+13: 74 days,
short term capital gain, taxable amount 95*10: 950
period of holding: 31+30+13: 74 days,
short term capital gain, taxable amount 95*10: 950
months is what is important if less than 12 months it is stcg and more than 12 months ltcg, as here 74 days is less than two months stcg will come
Recent Topics :
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
Related Topics :
CAclubindia
