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Computation of Short Term Capital Gain/Loss

Table of Contents

Short term capital gain means capital gain arising from transfer of short term capital asset. No indexation benefit is available for short term capital gains.

Short term capital gain is computed as under

Short Term Capital Gain/Loss Amount
Full value of consideration
Less: Expenses incurred wholly and exclusively in connection with such transfer
                                                                                                           Net ConsiderationLess: Cost of acquisition
Less: Cost of improvement                                                                                              Short Term Capital Gains
Less: Exemption under section 54B, 54D, 54G, 54GA
xxx
xxx
xxxxxx
xxxxxx
xxx
                                              Taxable Short Term Capital Gain (Loss if negative) XXX

Securities Transaction Tax (STT) is not allowed as deduction of expenses while calculating capital gain whether short term or long term.

Rohit Pithisaria

I am a Chartered Accountant based in Jaipur (Rajasthan). Started TaxAdda in 2011 as a blog and now providing various service related to GST and Income Tax to the client all over India. Also writing actively for TaxAdda blog and our e-Magazine on GST & Income Tax.

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