banner_ad

Tax on Profit

Secondary Mkt 874 views 3 replies

i have purchased 10 shares of a stock at 193 in march ,when market crashed  june  i purchased 20 at 100, now it is 150 ,if i sell now  on what amount i have to pay tax on profit,overall profit ?

Replies (3)

your cost = 10*193=1930+20*100=2000 (2000+1930=3930)

your sp=30*150=4500

your cg = 4500-3930 = 570/-

Continuing with what Nitin said, your income will be Rs. 570/-. However, whether your income will be taxed as Capital Gain or as Business Income will be determined on the nature of your activity in dealing in shares. Accordingly, the rate of tax will be different in both cases. Short Term Capital Gain will be taxed @ 10% flat rate. While in case it is taxed as Business Income, normal tax rates will be applied after deducting the basic exemption.

 Thanks for replies


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details