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 |
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| To Reliance Power Ltd.. A/c | 10,500.00 | |||
| To Profit on sale of shares A/c | 23,755.20 | |||
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