December 4, 2012 9:09 am
For the purpose of income tax calculation, is the brokerage on share purchase and sale counted as loss?
Brokerage is added as a cost component.
Shares bought: Rs. 100
Brokerage: Rs. 1
Total cost: 101
Sale Price: 105
Total proceeds from sale: 103.8
Profit = 103.8 – 101 = 2.8
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