Long term capital gain or short term capital gain

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JAY RUPARELIA (Querist)

05 March 2018 Suppose i purchased 1000 shares of ABC ltd @100 on 1/2/2017 and again on 28/2/2017 i purchased another 1000 shares @ 110. Now, if i do intraday trading in ABC ltd on 1/4/2017 (i.e. bought 500 shares and sold 500 shares) And after that if i sale whole 2000 shares on 4/3/2018 @ 130 then will it be called short term/long term capital gain?
Thank you in advance

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

06 March 2018 If you sold security after one year its considered LTCG no tax if you sold before 31st March 2018,
The long-term capital gains exceeding Rs 1 lakh arising from redemption of mutual fund units or equities on or after April 1, 2018 will be taxed at 10 per cent (plus cess). This includes long-term capital gains earned from your equity or mutual fund investments put together in a financial year.

ALKESH T MEHTA

ALKESH T MEHTA (Expert)

06 March 2018 Your 2000 shares sold are considered as long term gain & as it is sold before 31/03/2018,will not attract any tax.

JAY RUPARELIA

JAY RUPARELIA (Querist)

08 March 2018 Agreed sir but what about the purchase and sale i made in between the process of long term capital gain, that is by doing intraday transaction?

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