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Shares Purchase for 500000 Shares Sold for 900000 Commission Paid to broker on Purchase 2000 Commission Paid to Broker on Sale 3000 Securities Transaction Tax Paid on Purchase 400 Securities Transaction Tax Paid on Sales How is Capital Gain Calculated? Full Value of Consideration 900000 Less Cost of Acquisition 500000 Cost of Improvement 0 Short Term Capital Gain 400000 Profit 394000 600 Expenses of Transfer 0 Note Brokerage and STT Not considered in Case of Listed Shares Tax Net Tax 10000 Cess 4% 400 Net Tax + Cess 10400 Rebate 12500 22500 STCG on Shares of Listed Company (Infosys) How is Tax Calculated on these Shares As per Section 111A They are Taxed at 15% On Income Exceeding 250000 Tax=( 400000 − 250000 )*15 % = 150000*15% = 22500 Short Term Capital Gain Format

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.