Comment on Taxation Simplified
commented on
23 Oct 2013, 07:24 AM
Tharun,
Short term capital gain is basically the profit you make from short term trading in equities. By short term in India means equity position you take and sell anytime before 1 year(even intraday trading), if you hold it for more than 1 year it is called long term capital gain for which there are no taxes.