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How do I calculate short-term gain on my shares?

T S Khurana |367 Answers |Ask -Follow

Tax Expert - Answered on Aug 10, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Question by TEJ on Jul 29, 2024Hindi

Money

How is short term gain on shares calculated?, can we deduct brokerage, taxes and other charges charged by the bank like interest on margin etc from STCG on shares amount.

Ans: While calculating STCG, you can adjust all expenses, like Brokerage, STT or other Taxes, Interest paid to bank etc.
Most welcome for any further clarifications. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Sir, I am MTF and e-margin facility for short to medium term positional trades in cash equity segment. My question, while calculating STCG or LTCG on equity, interest on MTF and e-margin paid by me will be considered as cost of doing business hence STCG or LTCG will be after deducting such interest amount. Thanks and Regards

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Hello Mihir Ji, Seeking a clarification with example. I have a gain of 5 lakhs from short term gain in a share and a loss of 8 lakh short term in F&O. Can the profit be set of or i need to pay tax on 5lakh. Thanks!

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It would be an injustice for the brand NIT to list them in descending order. Yet some people try to order. Here is the order of NIT for the CSE branch:
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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