Treatment of short term profit from sale of sahares
Below is the transaction. kindly let me know the rate at which profit is taxable
| Bank A/c………………….………Dr. | 34,076.27 | |||
| Brokerage A/c………………… Dr. | 135.93 | |||
| STT A/c…………………………..Dr. | 43.00 | |||
| To ICICI Banking. A/c |
|
|||
| To Reliance Power Ltd.. A/c | 10,500.00 | |||
| To Profit on sale of shares A/c | 23,755.20 | |||
STCg wud be total sale consideration received less brokerage & COA. Balance wud be taxable @ 15%.
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
