Consideration for stcg

Mr Jayakumar, what you have mentioned is the recommended way as well. The contract note from your broker would have already done this for you. so you can just use that.

Thank You Neeraj for your clarification. Hope it should be authentic. During the past few years I was unnecessarily wasting time editing correcting and calculating all the trades for calculation of STCG and LTCG. Once again thanks a lot.

Regards

NJayakuymar

I understand your concern Mr Jayakumar. In terms of finding authentic info, nothing will satisfy u more than confirming what Act etc is involved and reading yourself, and then deciding whether you will be able to defend you intent and legality of your actions. I shared the one, which I feel I can defend about. However there are two documents where you can read the related sections, one is IT Act and other is ICAI published guidelines. However be prepared because some finer details will still be missing. So having a defensible intent and action can be your final recourse.