Can STCL be adjust with STCG

@ arpana....

1st u have to decide whether you hold equity share for investment or for trading...

If for investment -it will result into capital gain.

If for trading-then speculative buss loss/profit...

Now the ques is how to decide whether equity share held is fo investment or trading..i.e how to identify nature of such holding..

there are some SC case laws which give direction for this...

for eg....1)volume of trading

               2)treatment in Books of accounts. etc

now r u clear ???

:)

yup.. got it :) i did have a hint of it.. but was not able to conclud it without a help.. :)

thank you :)

if u need ny clarificTION ....write me at cakarangogia @ yahoo.com