While calculating gains should we exclude brokerage and other charges from our profit.
Example - I bought 1 share in 50 rs and sold it in 70 rs. So the profit is 20 Rs or 20 - brokerage and other charges.
Printable View
While calculating gains should we exclude brokerage and other charges from our profit.
Example - I bought 1 share in 50 rs and sold it in 70 rs. So the profit is 20 Rs or 20 - brokerage and other charges.
Net Profit/Loss = [No. of shares*(Sell Price - Buy Price)] - (Brokerage + Taxes)Quote:
Originally Posted by >take
So for any purpose, say for tax filing, you will have to give your profit after deducting your brokerage and other charges.
How do the future trading profit and loss is taxed?
In Futures - You pay a tax of 33% on the your profit.Quote:
Originally Posted by Dinesh