Comment on Taxation for Traders - Introduction

Aseem commented on 09 Apr 2016, 07:16 PM

Dear Sir,
I opened Zerodha account last year and before that had ICICIDIRECT. I need one help on tax calculation. I have done transactions of few shares in this financial year in both Zerodha and ICICIDIRECT due to several reasons (such as VTC, funds blocked due to sell in last 2 days, mobile site availability, etc.). While doing tax calculation will the tax be considered based on my demat account or my PAN number? For example if I bought Reliance first in ICICIDIRECT, then in Zerodha, then sold first in Zerodha, then in ICICDIRECT (none on speculative, but delivery). So how will the transaction be considered here for tax? Do I need to group these transactions together and then calculate tax or do i need to calculate tax separately due to different demat accounts?
Please provide your valuable inputs.
Thank you.

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