Tax implications on short selling of shares..
This query is : Resolved
Guest
Guest
(Querist)
02 January 2012
what are the Tax implications on Short Selling of shares on short term? Do they come under Short Term Capital Gains?
02 January 2012
Generally, gains rarely arise in such cases, but it will be the case of STCG/STCL.
03 January 2012
If the shares are sold within 12 months of acquisition, then the shares will be short term capital assets. Accordingly, gain or loss on sale of such shares shall be short term gain or loss.
Such STCG is taxable @ 15%. Further, deduction u/s Chapter VIA (80C, 80D, 80E, etc.) are not available against such income.
Such STCG is taxable @ 15%. Further, deduction u/s Chapter VIA (80C, 80D, 80E, etc.) are not available against such income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Can we claim ITC in 28%
- Wrongly goods delivered to other state
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Conversion of Pvt Ltd Company to a LLP
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- CA Final exam Form
- Can we issue an invoice today
- Foreign commission liable for rcm
- Loans and borrowing
- Registration of partnership firm maharashtra
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
