Comment on Taxation Simplified

Nithin Kamath commented on 08 Nov 2013, 02:41 PM


Keeping your long term trades and short term trades separate is very tricky and if tomorrow the taxman calls you for an audit, might be very tough to explain. A lot of traders keep separate trading accounts one for long term investments and one for short term trades to keep both the accounts separate.

This is a very tricky subject and since there are no hard and fast rules given by the IT department, tough to explain.

But do ask your CA an opinion on this.


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