Comment on Classifying Your Market Activity

Augustine commented on 31 Oct 2017, 06:05 PM

Hello,

I would like to be treated as a long-term investor in terms of taxation. Hence I won’t be selling shares before holding them for at least 1 year. Now, I have been accumulating one stock say Infosys for more than 1 year. I got 50 shares which was bought before two years and I have 20 shares that I bought 6 months before.

Now if I sell 50 shares alone, would that consider as long-term turnover ? I would hold the remaining 20 shares till it reach 1 year holding period. Can you please confirm whether this would be fine so that I can maintain my status as ‘Long term investor” ?

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