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Share profit

05 March 2022

Sir

Share purchase Rs.112800/-
Brokage, STT etc Rs.170
Total Paid Rs.112970/-

Share Sale Rs.117800
Brokage Stamp exp Rs.190
Total received Rs.117610

How much profit i have earn and how much STCG needs to pay

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9 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14807 Points)
Replied 05 March 2022

Have you paid STT while selling the shares ?.

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 05 March 2022

Capital Gain will be 4640/-

Tax liability depends on your total income.

If you have only capital gain then no tax on 4640/-

Naveen Kumar (729 Points)
Replied 05 March 2022

Thank you Eswar Reddy Sir,

prasad Nilugal ( GST Practitioner & Accounts ) (14807 Points)
Replied 05 March 2022

As per section 111A of the Income tax act , one of the condition for STCG is , you must pay STT while selling shares , then only STCG is applicable .

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 05 March 2022

Yes.You are right ..Now a days everything is going through mobile application & so STT goes by default.

He has already paid STT at the time of purchase

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Naveen Kumar (729 Points)
Replied 05 March 2022

Sir Expenses paid during purchase time.
Brokage,BSE transaction,CGST SGST, Stamp duty, TRx.charges
expenses paid during sale time
Brokage,NSE transaction,CGST,SGST, Stamp duty,TRX.charges,

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 05 March 2022

Have you done the purchase & sales through demat account ?

Which mobile app or website ?

sabyasachi mukherjee (27589 Points)
Replied 06 March 2022

Follow relevant circulars of sebi.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 06 March 2022

If the purchase & sale is done through mobile application then there will be STT also..All incidental exp like brokerage , turnover tax , GST , stamp duty etc can taken as deduction

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