Period calculation for long term share profit
This query is : Resolved
22 June 2011
I purchase the shares on 28-02-2010 but not paid full payment to broker as i have no demmat a/c at that time. He issued contract note to me. now i open demmat a/c with the broker and paid the full amount and he transfer the shares in my demat a/c on 15-06-2011. now i want to sale the shares pl let me know whether it is shot term profit or long term profit for income tax computation
22 June 2011
Date of contract note will be taken as date of purchase.
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