Treatment of short term profit from sale of sahares
Below is the transaction. kindly let me know the rate at which profit is taxable
Bank A/c………………….………Dr. | 34,076.27 | |||
Brokerage A/c………………… Dr. | 135.93 | |||
STT A/c…………………………..Dr. | 43.00 | |||
To ICICI Banking. A/c |
|
|||
To Reliance Power Ltd.. A/c | 10,500.00 | |||
To Profit on sale of shares A/c | 23,755.20 |