short term capital gain is calculated by the difference between the purchase price and sale price. if the transaction has suffered STT then it has to be calculated at special rates i.e 15% and the expenses related to earn this capital gain can be claimed as expenses. ...

Thanks a lot for your reply. It would be really great if you can explain with respect to below example. How should I go about calculating STCG on below transaction? i.e. How much STCG will be there on below transaction.

Example: Share transaction & respective charges on the transaction

Purchase: Date - 01-Jan- 2010 Company - ABC Ltd, Quantity - 50 Rate Per Share - 119.50 Brokerage - 23.90 Service Tax - 2.54 STT - 7.00 Transaction Charge - 0.13 Stamp Duty - 0.60 SEBI Tax - 0.01

Sale: Date - 02-Jan-2010 Company - ABC Ltd, Quantity - 50 Rate Per Share - 123.10 Brokerage - 24.62 Service Tax - 2.61 STT - 8.00 Transaction Charge - 0.14 Stamp Duty - 0.62 SEBI Tax - 0.01

What every investor needs to know about Capital Gains Account Scheme?

The Query

Mr Chaudhury has just sold his old ancestral house for a lump sum consideration of Rs.20,00,000. He has now set his eyes on a new apartment which is due for possession within the next two years. Mr. Chaudhury is in a dilemma, he is aware that the amount he has received is a Capital Gain in his hands and is liable to tax. His intention is to use this fund towards paying for his new abode. What are his options?

https://holisticinvestment.in/blog/what-every-investor-needs-to-know-about-capital-gains-account-scheme/

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

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