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
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Share profit
Replies (9)
Quick Summary
Have you paid STT while selling the shares ?.
Capital Gain will be 4640/-
Tax liability depends on your total income.
If you have only capital gain then no tax on 4640/-
Tax liability depends on your total income.
If you have only capital gain then no tax on 4640/-
Thank you Eswar Reddy Sir,
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 .
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
He has already paid STT at the time of purchase
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,
Brokage,BSE transaction,CGST SGST, Stamp duty, TRx.charges
expenses paid during sale time
Brokage,NSE transaction,CGST,SGST, Stamp duty,TRX.charges,
Have you done the purchase & sales through demat account ?
Which mobile app or website ?
Which mobile app or website ?
Follow relevant circulars of sebi.
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
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