how much my short term capital gains will & how much will be tax

#1
Dear Sir,

I had purchased 12 Shares of Reliance Industries Ltd. on 17 June 2009 @ Rs.2,112.18, 5 Shares of Reliance Industries Ltd. on 25 June 2009 @ Rs.1,961.31, 5 Shares of Reliance Industries Ltd. on 6 July 2009 @ Rs.2,023.16, 10 Shares of Reliance Industries Ltd. on 6 July 2009 @ Rs.1,958.16, 10 Shares of Reliance Industries Ltd. on 30 October 2009 @ Rs.1,960.07 AND received 42 Bonus Shares on 5 December 2009.
Now I had sold 42 Shares of Reliance Industries Ltd. on 5 April 2010 @ 1,102.36 & another 42 Shares of Reliance Industries Ltd. on 5 April 2010 @ 1,117.36.
I want to know how much my short term capital gains will & how much will be tax on that?
Waiting for your early reply.
Thank you.
 

nac

Well-Known Member
#2
Dear Sir,

I had purchased 12 Shares of Reliance Industries Ltd. on 17 June 2009 @ Rs.2,112.18, 5 Shares of Reliance Industries Ltd. on 25 June 2009 @ Rs.1,961.31, 5 Shares of Reliance Industries Ltd. on 6 July 2009 @ Rs.2,023.16, 10 Shares of Reliance Industries Ltd. on 6 July 2009 @ Rs.1,958.16, 10 Shares of Reliance Industries Ltd. on 30 October 2009 @ Rs.1,960.07 AND received 42 Bonus Shares on 5 December 2009.
Now I had sold 42 Shares of Reliance Industries Ltd. on 5 April 2010 @ 1,102.36 & another 42 Shares of Reliance Industries Ltd. on 5 April 2010 @ 1,117.36.
I want to know how much my short term capital gains will & how much will be tax on that?
Waiting for your early reply.
Thank you.
You do your math and find the profit. If you earned profit after deducting your brokerage and taxes, you will need to pay 15% on the profit. (Considering you trade rarely or very few times a year)