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short term gain

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(Querist)
22 February 2017 if i purchase some shares and sell it with profit, after some time i buy those shares again and hold it. can i adjust my profit in new share purchased.?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 February 2017 Such adjustment can't be done. Profit on such sale has to be separately accounted and considered for tax payment.

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