Comment on Tradetax for income tax returns when trading

nivedita commented on 08 Jul 2017, 11:58 PM

dear nitin
1- would btst be taxed under shortterm capital gain or intraday gain?
2-lets say i bought 1 lakh share of sintex 6months back and pledged dem to get margin money (my broker does that for me). from the margin money i again buy sintex shares in t+2 segment ie i buy it today and sell it after 1 day widout taking the delivery of the share. woud i incur shorterm capital gain or intraday gain in dis particular case? would fifo be applicable in dis particular case?? what my broker has done is he has shown t+2 as delivery(though actually i didnt take delivery) and has applied fifo on my original pledged shares!! woud it be right??how can dey consider intradays shares for fifo??

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