What will be my TAX liablity if i buy shares by taking loan and hold the shares for more than my one year. i am salaried person working in PSU. will my profit from shares be treated as long term and short term or business income.
Rohit (Student Others) (61 Points)
28 July 2016What will be my TAX liablity if i buy shares by taking loan and hold the shares for more than my one year. i am salaried person working in PSU. will my profit from shares be treated as long term and short term or business income.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 28 July 2016
shares after one year become LTCG (specified listed in exchanbe with stt paid)
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