Turnover calculation of stcg

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1 Points Posted on 10 August 2020
turnover calculation of stcg
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On 10 August 2020 at 07:32 Report
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This discussion clarifies the calculation of turnover for Short-Term Capital Gains (STCG). It explains that turnover is generally the total amount realised from the sale of assets. Brokerage fees can typically be deducted when calculating this figure. The specific assets and the purpose of the calculation may influence the exact method.

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Tax and Business Consultant
11616 Points Posted on 10 August 2020
Short term Capital Gain relating to which assets..?
For which purpose you want to calculate turnover..?
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On 10 August 2020 at 08:41
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Finance/Compliance Consultant
69550 Points Posted on 10 August 2020
Turnover will be the amount fetched from sales of such assets. Brokerage can be claimed as deduction
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On 10 August 2020 at 09:17

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