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.