Long term capital gain or short term capital gain

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JAY RUPARELIA (Querist)
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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)
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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)
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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)
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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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