27 October 2009
Hello everyone. Please help me with this. During the Financial year 2008-09, i sold some physical ( unlisted ) shares and have accrued Long Term Capital Gain of Rs. 100000 ( after indexation). I invested the entire money in stock market, and ended up making a Short term capital Loss of Rs. 80000. Does this mean that I have to effectively pay tax only on 100000-80000 = 20000 X 22%? Please help me.
CAclubindia
