Short term capital gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
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.


23 July 2012 Agreed with Mihir


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2012 Kindly advise any way to save short term capital gain ( traded stock/share on NSE) to pay income tax



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