How to compute short-term capital gain?

Ans. Short-term capital gain arising on account of transfer of short-term capital asset is computed as follows:

Particulars	Rs.
Full value of consideration (i.e., Sales value of the asset)	XXXXX
Less: Expenditure incurred wholly and exclusively in connection with transfer of capital asset (E.g., brokerage, commission, etc.)	(XXXXX)
Net Sale Consideration	XXXXX
Less: Cost of acquisition (i.e., the purchase price of the capital asset)	(XXXXX)
Less: Cost of improvement (i.e., post purchase capital expenses incurred  on  addition/improvement to the capital asset)	(XXXXX)
Short-Term Capital Gain	XXXXX