Comment on Consequences of Short delivery - NSE/BSE

Yuvaraj 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

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