banner_ad

Share profit

Others 279 views 9 replies
User Avatar

729 Points Posted on 05 March 2022
Sir

Share purchase Rs.112800/-
Brokage, STT etc Rs.170
Total Paid Rs.112970/-

Share Sale Rs.117800
Brokage Stamp exp Rs.190
Total received Rs.117610

How much profit i have earn and how much STCG needs to pay
0 Reply Share Follow
On 05 March 2022 at 10:04 Report
Replies (9)
User Avatar

GST Practitioner & Accounts
15093 Points Posted on 05 March 2022
Have you paid STT while selling the shares ?.
Reply
On 05 March 2022 at 11:25
User Avatar

CFO- at NHTF
58280 Points Posted on 05 March 2022
Capital Gain will be 4640/-

Tax liability depends on your total income.

If you have only capital gain then no tax on 4640/-
Reply
On 05 March 2022 at 13:37
User Avatar

729 Points Posted on 05 March 2022
Thank you Eswar Reddy Sir,
Reply
On 05 March 2022 at 13:58
User Avatar

GST Practitioner & Accounts
15093 Points Posted on 05 March 2022
As per section 111A of the Income tax act , one of the condition for STCG is , you must pay STT while selling shares , then only STCG is applicable .
Reply
On 05 March 2022 at 14:06
User Avatar

CFO- at NHTF
58280 Points Posted on 05 March 2022
Yes.You are right ..Now a days everything is going through mobile application & so STT goes by default.

He has already paid STT at the time of purchase
2 Reply
On 05 March 2022 at 14:51
User Avatar

729 Points Posted on 05 March 2022
Sir Expenses paid during purchase time.
Brokage,BSE transaction,CGST SGST, Stamp duty, TRx.charges
expenses paid during sale time
Brokage,NSE transaction,CGST,SGST, Stamp duty,TRX.charges,
Reply
On 05 March 2022 at 21:01
User Avatar

CFO- at NHTF
58280 Points Posted on 05 March 2022
Have you done the purchase & sales through demat account ?

Which mobile app or website ?
Reply
On 05 March 2022 at 21:43
User Avatar

Profession Business
28207 Points Posted on 06 March 2022
Follow relevant circulars of sebi.
Reply
On 06 March 2022 at 12:08
User Avatar

CFO- at NHTF
58280 Points Posted on 06 March 2022
If the purchase & sale is done through mobile application then there will be STT also..All incidental exp like brokerage , turnover tax , GST , stamp duty etc can taken as deduction
1 Reply
On 06 March 2022 at 12:11


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details