I have an trading account with one of the brokerage houses. I am not a day trader. So, I have purchased/sold my shares on a long term / short term gains/losses.
I have a few questions in my mind.
The brokerage house charges me as:
Brokerage
STT
Service Tax
Other Charges - Del From
Other Charges - Del To
never understood what the last two are.
When the short+long term gains report for a particular FY is generated, the purchase and sell values are mentioned as actual bought price +/- brokerage.
For Eg: I bought a share @ 283 and including brokerage it is bought @ 283.85
Sold the same @ 296 and deducting brokerage it is sold @ 295.11
So, the gross profit per share is 13 and the net profit is 11.26
What should be short term tax be levied upon? on the gross profit of 13 or net profit of 11.26?
I have a few questions in my mind.
The brokerage house charges me as:
Brokerage
STT
Service Tax
Other Charges - Del From
Other Charges - Del To
never understood what the last two are.
When the short+long term gains report for a particular FY is generated, the purchase and sell values are mentioned as actual bought price +/- brokerage.
For Eg: I bought a share @ 283 and including brokerage it is bought @ 283.85
Sold the same @ 296 and deducting brokerage it is sold @ 295.11
So, the gross profit per share is 13 and the net profit is 11.26
What should be short term tax be levied upon? on the gross profit of 13 or net profit of 11.26?