Brokerage on Share purchase and sale counted as loss?

POSTED BY Reena ON December 4, 2012 9:09 am ONE COMMENT

Hi,

For the purpose of income tax calculation, is the brokerage on share purchase and sale counted as loss?

Thanks.

 

One reply on this article “Brokerage on Share purchase and sale counted as loss?”

  1. Brokerage is added as a cost component.

    Shares bought: Rs. 100
    Brokerage: Rs. 1
    Total cost: 101

    Sale Price: 105
    Brokerage: 1.2
    Total proceeds from sale: 103.8

    Profit = 103.8 – 101 = 2.8

    HTH

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