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short term capital gain

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(Querist)
03 March 2008
when we have to pay shot term capital gain?
If answer is year end, how the share holder remember the transactions.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
03 March 2008 YOU ARE REQUIRED TO PAY THE TAX IN SAME WAY AS IN CASE OF OTHER INCOME YOU PAY.YOU CAN TAKE THE CONTRACT NOTE FROM THE BROKER AND THE DIFFERENCE BETWEEN THE SALE AND PURCHASE WILL BE YOUR PROFIT/LOSS
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
03 March 2008 Mr Suresh, you must be maintaining books of accounts where u must be recording the daily transactions.
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