Speculative & short term gain
This query is : Resolved
mangesh dhumal
(Querist)
18 February 2015
On 10/02/2014 I was holding 100 shares of ICICI Bank. On 11/02/2014 I purchased another 100 shares of ICICI Bank and sold the same on 11/02/2014 @ Rs.500 profit. Whether profit earned will be treated as speculative gain or short term gain.
CA R SEETHARAMAN
(Expert)
18 February 2015
It is treated as speculative gain(sold on the same day of buying).
18 February 2015
it is speculative gain only...............
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