I need a clarification on calculating STCG on selling stock.
1. Am I calculating STCG correctly in the below example?
2. STT charges must be excluded while buying and selling correct?(As said here https://zerodha.com/varsity/chapter/taxation-for-investors/)
Brought 100 share at 150₹ buy price and sold them at 200₹. Holding period is 50 days.
other charges=Brokerage+Exchange+Stamp duty + Service tax //That means all charges other than STT charges
STCG = [(No of share) * Sell price - (other charges at sell time)] - [(No of share) * buy price + (other charges at buy time)]
(other charges at sell time) = 25
(other charges at buy time) = 35
STCG = [100 * 200 - 25] - [100 * 150 + 35] = 5010