Chartered Accountant
6971 Points
Joined September 2007
| Originally posted by :shareefa |
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Hi,
I am employed with a private limited company. Apart from my salary income I also have traded in securities. help me how to deal with this???
Shareefa
[url=https://www.sreevyshcorp.in]SreeVysh Corp[/url]
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you can just easily make a data entry sheet using excel .
Make columns for when you have bought the shares and when you have sold it. Take the difference between bought and sale figures, and make a column for holding period if the holding period is more than 12 months ignore it u need not pay any tax, but if it is less than 12 months then you have to pay @ 10% on the Capital gain. Take deduction for any short term capital loss
Regards
Praveen M R