Hi experts! :)
Lets say cumulatively I bought shares worth Rs 100. Brokerage/commission/STT amounted to Rs 5 while buying. I then sold them for Rs 90 while paying brokerage/commission/STT of Rs 5 again.
Now in this, what are the following:
a) Full value of consideration
b) Cost of acquisition
c) Cost of improvement
d) Expenditure on transfer
e) STCG
Thanks in advance :)
a) Full value of consideration: 90 - 5 + 1 (say STT) (STT should be excluded) = 86
b) Cost of acquisition: 100 + 5 - 1 (say STT) = 104
c) Cost of improvement: NIL
d) Expenditure on transfer : NIL
e) STCG: - 18 Loss
Actually the trasactions in my account show only BROKERAGE ... nothing is specified in terms of STT or commision separately ... so in above calculation, if 5 is the brokerage then everything stays the same right?
Except that the "1" (STT) disappears ... it doesnt appear in calculations ... right?
CAclubindia
