Hello,
My query is as follows
Stock Purchase Price : Rs 1,000
Brokarage Charge (inc STT) : Rs 10
Total Cost of Purchase : Rs 1,010
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Stock Sold at Price : Rs 1,500
Brokarage Charge (inc STT) : Rs 15
Total Receipt on Sale(1500 - 15): Rs 1,485
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Thus my question is, assuming I sold the stock before 1 year, do i pay tax on (1485 - 1010) or is it (1500 - 1000). As is should i remove the brokarage + STT and then calculate net gain as taxable income? Please advice
CAclubindia
