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short term tax

This query is : Resolved 
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(Querist)
28 February 2017 I bought 200 shares of SBI @268.80 , out of that 100 shares were payout short for which i got the price 275.50 back to my account. Should i pay short term tax for this gain?
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CA S K MISHRA

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CA S K MISHRA (Expert)
28 February 2017 This is speculative income. Since you have not entered in agreement with any body for buying or selling of equity nor have paid any STT for that transaction. Also no contract note is issued for said transaction.
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Harshkant Sonaiya

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Harshkant Sonaiya (Querist)
01 March 2017 Thank you very much sir for your valuable solution.
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Prof. Bajaj

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Prof. Bajaj (Expert)
03 March 2017 This will be clubbed with your normal income and will be taxed as per slab.
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