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.
Calculating Capital Gains?
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)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.
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
How do the future trading profit and loss is taxed?
In Futures - You pay a tax of 33% on the your profit.
Amit
Pls follow Rules/Guidelines @ PolicyWala
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