23 June 2015
in any profits earned on intraday basis on purchase and sale of shares (CASH Market) will go to reduce the cost of the shares if one or two shares are taken delevery of that particular scrip is undertaken.
will it be considered as a shortterm gain.
if the same scrip is sold after 12 months will it be exempted
23 June 2015
your view holds good only for derivatives,which is considered as speculative transaction and my question is taking delevery and selling it.
CAclubindia
