31 March 2016
Hello Sir/Ma'am, One of my fellow client has recently started Shares Trading. However he is not an active trader and mostly trades(buys) when market are low and sells when market rises.(Mostly short term holding period). Thus on sales he is earning nascent profit. Now the issue that has arose is that whether he is required to pay Short Term Capital Gain over the Sale of Shares. As per my view he should be paying the tax dues. But he is of the opinion that due to the amount is petty he wish not to pay the Capital Gain. Additional Details- Falls under the basic slab rate. STT is paid. Recommend your views. Thanks in advance.
CAclubindia
