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Thread: Calculating Capital Gains?

  1. #1
    PW Stalwart >take's Avatar
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    Default 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.



  2. #2
    Moderator CONFUSED's Avatar
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    Quote Originally Posted by >take View Post
    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)

    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.

  3. #3
    PolicyWala NewBie
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    How do the future trading profit and loss is taxed?

  4. #4
    Moderator
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    Quote Originally Posted by Dinesh View Post
    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
    “The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”


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