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tax on shares

This query is : Resolved 
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(Querist)
28 December 2008 I purchase and sell shares so i am paying short term capital gain tax on the profits earned on selling of shares within one year my auditor has said that there is no tax if i have sold the share which was purchased i year back whether there is no long term capital gain tax like in properties i want to know
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 December 2008 You have an auditor.Consult with him and take his opinion.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
28 December 2008 YOU SHOULD TRUST THE AUDITORS THEY ARE ALSO LEARNED PEOPLE WHO WILL NOT MISGUIDE YOU. THEY ARE RIGHT
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