Comment on Classifying Your Market Activity

Akarsh commented on 25 Apr 2018, 05:05 AM

Thank you sir for your reply.

A few more questions.

1. I intend to show intraday as speculative business income and, delivery + Mutual Fund holdings as LTCG, as I intend to hold them for a period of more than 365 days. Am I right in doing so?

2. Also I, by accident sold off ONE & only ONE kotak delivery stock. I had intended to keep it for more than a year. Now how to show this stock and where(STCG or LTCG) ?
It will be really odd if I show all delivery + MF holdings as LTCG and only one as STCG.

3. Lastly, how to calculate taxable amount (without the help of when it comes to delivery or Mutual Funds holdings?
I have the buy price of delivery but since the delivery haven’t been sold I can’t know the sell price so I cannot calculate profit or loss.
Same with Mutual Fund holdings.
How does one go about calculating taxable amount on a SIP with 5-year lockin period?

Thank you sir for your valuable input.

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