How profit earned on short selling of shares is taxed. On purchase of shares to cover the transactions, will it be treated as STCG or normal business profit or speculation profit?
How profit earned on short selling of shares is taxed. On purchase of shares to cover the transactions, will it be treated as STCG or normal business profit or speculation profit?
Check frequency of transactions. If frequent, go for speculative business income.
Not very frequent...can it be treated as STCG / STCL..
Being short sell, advisable to declare under IFOS.
As it's a transaction of short selling, it will be settled not by actual delivery of shares. So, it's a speculative transaction and therefore, should be shown as speculative business income.
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