SHARE DETAILS
This query is : Resolved
19 September 2009
DEAR SIR/MADAM
AS ASSESSEE PURCHASE DURING THE YEAR 1 CRORE VALUE OF SHARE AND SOLD SAME YEAR 85LAKHS VALUE OF SHARES HE WAS PAID STT AT THE TIME OF SOLD HE IS SHOWN HIS INCOME UNDER BUSINESS OR SHORT TERM CAPITAL GAIN COVERED U/S 111A. PLEASE TELL
THANKS IN ADVANCE
AS ASSESSEE PURCHASE DURING THE YEAR 1 CRORE VALUE OF SHARE AND SOLD SAME YEAR 85LAKHS VALUE OF SHARES HE WAS PAID STT AT THE TIME OF SOLD HE IS SHOWN HIS INCOME UNDER BUSINESS OR SHORT TERM CAPITAL GAIN COVERED U/S 111A. PLEASE TELL
THANKS IN ADVANCE
CA CHINTAN AJMERA
(Expert)
20 September 2009
It's all depend on type of purchase and sale . 3 type of purchase and sale is possible.
1. Intraday purchase and sale
2. delevery based
3. In derivative.
1. Intraday purchase and sale
2. delevery based
3. In derivative.
Ankur Garg
(Expert)
20 September 2009
agree with expert.
first figure out the mode of sale.
first figure out the mode of sale.
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