Comment on Basics on SLB (Stock Lending & Borrowing)

Sameer commented on 02 Jun 2017, 12:48 PM

Suppose if I borrow 10 shares of Reliance and short sell in market at 1100 and then recover it at 1000 per share. then I will get 100 per share profit so then how much income tax I have to pay on this transaction? Do I need to pay income tax according to speculative profit or short term gain??

Thanking you in advance.

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