Comment on Taxation Simplified

viju_1105 commented on 28 Sep 2013, 03:32 AM

I have been investor( buying equity shares only from public issue) for last 30 years.Since last June I started delivery trading from some other broker(Religare) and since 17 th July I started Intraday trading.From 16th Sept.I started trading from Zerodha. In june 2013 I sold 300 shares of Suzlon @Rs.9.5.These share were purchased 2 years back @ Rs 50. Now suppose I want sell ITC shares (purchased in year 1980 at face value).So please let me know how the loss in case of Suzlon and the profit in case of ITC (340 times of face value before indexing) will be treated for income tax purpose. After reading your blog I thought I should stop trading as a trader to get the benefit of long term capital gains.Please advise.

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