Comment on Classifying Your Market Activity

Ankur commented on 13 May 2019, 11:23 PM

first of all infinite thanks to GOD that you’re blessed with such a great way of expressing things in such a simple way and so compassionately and humbly even though possessing such a deep and great understanding. and greatest of all that you are really blessed to possess a desire to use all your abilities for working selflessly for in best interest of the people at large and without a greed to earn by sharing your knowledge and service.
you are really breaking all the barriers that you may have faced as an trader and my prayers with you to make this world a better place to live in.

one question. :p
if a 18 year student has short term capital gain less than 2.5lakhs and greater than 1lakhs earned by investing in stocks or mutual funds for 6 to 7 months and that is his only income then do i have to pay flat 15% on my STCG, also tell me what if it would be LTCG that is if the case would have been same only difference that i would have sold the stocks after 1year, will i be required to pay flat 15% tax on LTCG which is less than 2.5lakhs and more than 1lakh.

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