23 July 2012
I have traded stock ( Share at BSE 500) buy and Sell within a year and earn some profit but the same is not use, and buy some other share ( transfer the share to each other with profit and loss ) Please advise how to save(rebate) my income tax
23 July 2012
U need to keep track record of Gain and Loss on Scrip / Share wise.
Short term Capital Loss can be adjusted with Long term Capital Gain and Loss while Long term Capital Loss will be adjusted against Long term capital Gain only.