Short sale

This query is : Resolved 

24 November 2012 How to tax short sale of shares?

25 November 2012 under speculative income.

26 November 2012 If it is investor ?

26 November 2012 Investor may not go for short sale. He/she has the avenue to short FUTURE in that case.

28 November 2012 one of my friend in employment. He has some short sale of shares in the market, whether profit/loss from short sale will be charged under speculation business income?
please mention computation mechanism...

28 November 2012 Yes, the same shall go to SPECULATION income. Add it under income from other sources if you are using itr2.


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