Transaction Details
Tax Amount
Rs 1,200
7.5% on Rs 16,000 gain
Capital Gain
Rs 16,000
Rs 56,000 − Rs 40,000
Net Proceeds
Rs 54,800
Sell value after CGT
Holding Period
8 months 0 days
242 days · Short-term (7.5%)
Break-even Sell Price
Rs 400.00
Sell at or above to avoid a loss before tax
CGT must be submitted to the Inland Revenue Department (IRD) within 15 days of the transaction.
