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.
