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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
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Mihir Doshi

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Mihir Doshi (Expert)
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.

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SANYAM ARORA

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SANYAM ARORA (Expert)
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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