Comment on Tradetax for income tax returns when trading

viju_1105 commented on 04 Feb 2018, 09:53 PM

I have made Rs.14000 short term capital gain in Infosys buyback. In December before Ex bonus date, I purchased 32 shares of Mahindra and Mahindra @Rs 1550 each. After getting 32 bonus shares bonus I sold originally purchased 32 shares at Rs.775 each.I incurred Rs 24800 loss (short term capital loss).Is it legal to adjust the short term capital gains of Infosys against short term loss incurred in M&M.Law about this is not very clear.Some experts say IT office can question you if they think that it is deliberately done to avoid tax.

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