Query about short term capital gain on shares
This query is : Resolved
jagadesh kotipalli
(Querist)
23 November 2016
sir, i have a doubt regarding the difference between the shares settled by actual delivery and otherwise by actual delivery. is there any tax variation between them. and among them, to which speculation is related??
CA R SEETHARAMAN
(Expert)
23 November 2016
Short term capital Gain arises only on shares actually delivered. Day trading on shares is speculative.
jagadesh kotipalli
(Querist)
23 November 2016
thank you sir, which means shares settled otherwise than by actual delivery comes under speculation?
and what is meant by contract for sale/purchase of securities?/
and what is meant by contract for sale/purchase of securities?/
CA R SEETHARAMAN
(Expert)
24 November 2016
Yes you are right. Contract is issued on every purchase or sale of shares it is the proof of your share trading at the indicated price.
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