Long term capital gains from sale of equity shares .
When capital gain arises,where to include or exclude brokerage charges to arrive net capital gains.
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 15 January 2023
When your capital gains exceeds Rs.1lacs then entire capital gains is taxable .
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 January 2023
Brokerage expenses on sales are transfer expenses and same is always allowed to calculate capital gain.
sabyasachi mukherjee
(27603 Points)
Replied 16 January 2023
Cost of equity shares add indexed cost of acquisition.
deduct from sale consideration.
TO ARRIVE AT CAPITAL GAINS TAX. CHARGE RELEVANT PERCENTAGE.
deduct from sale consideration.
TO ARRIVE AT CAPITAL GAINS TAX. CHARGE RELEVANT PERCENTAGE.
Shaikh Arzoo
(3 Points)
Replied 16 January 2023
Foreign exchange fluctation gain is taxable on what rate
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