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09 February 2011
Can any one suggest me the computation of capital gain & entry for Buy and Sale of shares through Demat account? whether brokerage, service tax, turnover tax etc. pid needed to be account for or only net transaction amount will consider for calculating capital gain? Please advice me with illustration.
Can any one suggest me the computation of capital gain & entry for Buy and Sale of shares through Demat account? whether brokerage, service tax, turnover tax etc. pid needed to be account for or only net transaction amount will consider for calculating capital gain? Please advice me with illustration.
10 February 2011
Purchase of Share
Share A/c Dr
To Broker A/c
Sales of Sahres
Broker A/c Dr
To Share A/c
in purhcase all the expenses add & in sales transaction less brokerage only
IF share hold more then 365 days then treated as long term profit other then that short term
Share A/c Dr
To Broker A/c
Sales of Sahres
Broker A/c Dr
To Share A/c
in purhcase all the expenses add & in sales transaction less brokerage only
IF share hold more then 365 days then treated as long term profit other then that short term
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