POSTED BY October 10, 2013 8:34 am COMMENTS (2)ON
Lets say, I buy 1 share at Rs. 100 and sell it in less than a year in Rs. 130. Actually, I pay more than 100 and receive less than 130 because of brokerage, STT and other charges. If for example, I paid Rs. 101 at the time of buying and received 128 at the time of selling, what will be the amount on which tax of 15% shall be paid?
A) Rs. 130 – Rs, 100 = Rs.30
B) Rs. 128 – Rs. 101 = Rs. 27
C) or any other amount.
If the answer is C, please let me know the formula to calculate.
2021 © Jagoinvestor.com All Right Reserved
2 replies on this article “Calculating Amount for Short Term Capital Gain (shares)”
It should be B)
Dear Amit, please ignore the STT paid by you. brok. is available for calculation. So your short term capital gain = Sell price (basic sell price – brok.) – purchase price (basic price + brok.)
This amount is subject to tax @ 15.45%.