Capital gains on shares
This query is : Resolved
Sivaramakumar
(Querist)
23 June 2015
in any profits earned on intraday basis on purchase and sale of shares (CASH Market) will go to reduce the cost of the shares if one or two shares are taken delevery of that particular scrip is undertaken.
will it be considered as a shortterm gain.
if the same scrip is sold after 12 months will it be exempted
will it be considered as a shortterm gain.
if the same scrip is sold after 12 months will it be exempted
Nikhil Kaushik
(Expert)
23 June 2015
intra day trades are considered as speculative business activity (not capital transactions)
Sivaramakumar
(Querist)
23 June 2015
your view holds good only for derivatives,which is considered as speculative transaction and my question is taking delevery and selling it.
However thanks for your views
However thanks for your views
Nikhil Kaushik
(Expert)
23 June 2015
dear friend,
precisely my view is not applicable for derivatives But apply only to intra-day trades in shares. Kindly check your tax facts.
precisely my view is not applicable for derivatives But apply only to intra-day trades in shares. Kindly check your tax facts.
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