Comment on Taxation Simplified

Nithin Kamath commented on 29 Sep 2013, 04:51 PM


This could be still kept separate, just make sure to clearly mention what is your long term portfolio and what are your short term and keep all contract notes etc handy to prove this if required in the future.

ITC will still be a long term gain which is waived off capital gains tax.

If you are actively trading, you can keep a short term trading portfolio, so this loss on suzlon can be showed as a loss on your short term portfolio and net if off against any gain you make which is short term.

Hope this clarifies..

View the full comment thread »