During financial year 2006-07, i purchased equity shares of different companies totaling rs. 2,45,700. Out of these shares i have sold some shares for a total of rs. 1,23,440. Purchse cost of these shares was rs. 1,14,300 and i also paid rs. 4,802 to icici demat as brokerage and STT for the total shares purchased and sold during the year. Out of this total brokerage of 4,802, rs. 2271 was the brokerage paid against the shares sold for rs 1,23,440 and puchased for rs.1,14,300. balance shares are still with me. kindly advise how much short term capital gain tax i have to pay? is brokerage is deducted from the total gain i.e. gross sale value minus puchase value . Thanks.
