Comment on Consequences of Short delivery - NSE/BSE
commented on
18 Feb 2017, 01:22 PM
Hi Nithin,
I bought NCDs few days back but was later informed of short delivery. I have been refunded the old amount plus the excess amount from the auction which means I have profited from this transaction. I am an investor (do not trade) so under what category should I treat this income? Since it is a debt instrument and ST gain I guess it will be applied at 30% slab rate as my total income will be in that slab.
Am I right?
Regards,
Yuvaraj