tax advise on selling rights issue

Selling of rights amount to CG, as there is extinguishment of rights. Selling ur shares amount to STCL or LTCL (As the case ma be)

Thanks for the reply.

How will my tax treatment be if  I treat my income as business income?

regards

Instead of STCL, u will be having a business loss. However, ur rights issue will be treated as CG only. But u hve to prove that u induldge urself in the business of buying and selling of shares. U cannot set off the loss against salary