24 August 2020
I need to calculate Capital Gain on Shares for filling ITR. Is the below formula to compute is correct? Capital Gain = [Sale Price - Cost of expenditure (i.e brokerage + Transaction Charges + Stamp duty)] - [Purchase Price + Cost of Acquisition (i.e brokerage + Transaction/Turnover Charges + Stamp duty)].
Is GST paid while purchasing shares added to the Cost of Acquisition and Cost of expenditure OR it is completely excluded from calculations like STT? Thanks.
CAclubindia
