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Is STCG applicable for a trader of share

Tax queries 457 views 1 replies

A person trading in stock market, takes a delivery of a scriptt (i.e.; After 3 days of purchase)and sells it  after, say 4-5months and earns a profit

  • What will be the profit taxed as 1.)Short term capital gain    or

                                                                      2.)Trading Profit in the Business

  •  And if trading profit is the trader is also deprived of Gaining the benifits of  long term capital gain also.
Replies (1)

Hi RAJIV,

SEE EVEN IF YOU SELL THE STOCKS ON THE SAME DAY, YOU WILL HAVE TO PAY STCG.

YOU CAN CLAIM CARRY FORWARD FOR 4 SUCESSIVE SUCEEDING YEARS.


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