Comment on Taxation for Investors

Niranjan commented on 16 Nov 2016, 12:20 PM

Lets say I own a stock for 300+ days and suddenly I am expecting an intraday fall of say 15% , if I sell my holdings and buy it back again on the same day , does my cap gain status change for the same stock which I was holding for 300 days ? or any square off resets the counter and Upon rebuy the counter resets to 1 . please explain the taxation here.

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