Short term capital gain

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Job
118 Points Joined August 2016

Hi,

If i purchase say 150 no. X shares @ 95 & brokerage & other charges Rs. 12 & STT Rs. 15, so total purchase cost is Rs.14277(150*98 +12+15) Now i sell 100 shares in 2 diff lot of 50 each one at 98 & other at 102. 

First lot of 50 @ 98 Brokerage & other charges Rs. 5 & STT Rs. 5 total sales consideration received Rs. 4890(50*98 -5-5)

Second Lot 50 @ 102 Brokerage & other charges Rs. 5 & STT Rs. 6 total sales consideration received Rs. 5089 (50*102 -5-6)

Now how will the stgc calculated? 

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On 18 January 2017 at 14:56 Report
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Tax Consultant
1029 Points Joined March 2012
Deduct sale value by cost of acquisition. That will be the short term capital gain. It will be taxed @ 15% as STT is paid.
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On 18 January 2017 at 18:14
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Others
345 Points Joined March 2014

Of the total profit in shares sales value, sum it up and calculate tax at 15% of the profit for getting Short Term Capital Gains Tax.

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On 18 January 2017 at 21:24


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