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ipo investment tax implication

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(Querist)
16 October 2017 i am buying shares in ipo. i got one lot. suppose i have invested 10000 after 6 days of listing that share on stock market i am selling such shares at 15000 what would be the tax implication to that 5000 rupees?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
16 October 2017 WI'll be taxed as short term capital gains.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 October 2021 If it is your favorite pass time, you can declare all such transactions under Business income.




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