My broker has given in XLS file the yearly LTCG details.
I am giving below a sample for easy understanding.
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Qty: 45
Sale Date: 05-Feb-19=============== Purchase Date: 02-Dec-08
Sale Rate: 22===================== Purchase Rate: 20.14
Sale Value: 990=================== Purchase Value: 990
Sale Expenses: 5.29=============== Purchase Expenses: 3.03
Price as on 31st Jan 2018: 97.2
Purchase Price Considered: 22
Purchase Index Cost: 1858.48
Profit/Loss(-): -8.32
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My question, the Profit/Loss(-) shown as Rs. -8.32 which is addition of Sale Expenses (Rs.5.29) + Purchase Expenses (Rs.3.03) even though the LTCG is not applicable. Should this value (Rs.-8.32) should be taken as Loss?
My general question is, Should we consider(or deduct) both the Sale Expenses & Purchase Expenses while calculating the LTCG?
CAclubindia
