Hiral Mehta (Job) (118 Points)
18 January 2017Hi,
If i purchase say 150 no. X shares @ 95 & brokerage & other charges Rs. 12 & STT Rs. 15, so total purchase cost is Rs.14277(150*98 +12+15) Now i sell 100 shares in 2 diff lot of 50 each one at 98 & other at 102.
First lot of 50 @ 98 Brokerage & other charges Rs. 5 & STT Rs. 5 total sales consideration received Rs. 4890(50*98 -5-5)
Second Lot 50 @ 102 Brokerage & other charges Rs. 5 & STT Rs. 6 total sales consideration received Rs. 5089 (50*102 -5-6)
Now how will the stgc calculated?
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 18 January 2017
Wae Jing Lonthaw
(Others)
(345 Points)
Replied 18 January 2017
Of the total profit in shares sales value, sum it up and calculate tax at 15% of the profit for getting Short Term Capital Gains Tax.
CAclubindia
