Short term capital gains

Dear experts,

kindly clarify the following:

suppose I purchase few shares and sell them within a year 15% tax is levied. and if I sell it after one year no tax levied. I would like to know whether this one year period is calendar period or Financial year.

thanks

babu

Replies (2)
One year is calculated from the date of purchase to the date of sale.

Thank you Mr. Doshi 

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