Comment on Taxation for Traders - Introduction

Ashok commented on 20 May 2014, 03:04 PM

Hi Nitin,

Thanks for the valuable input that you have been providing on the various queries.

I too was looking for some clarification on the taxation on BSE.

Assuming that I have a particular stock of quantity 100 for over two years and then I buy additional quantities (50) of the same stock which are less than a year.
Soon I decide to sell 100 units of the 150 that I hold.
Will the sale consider the 100 units being sold as those being held for over a period of one year or should the whole of quantity be held over 1 year to avail long term investment related tax benefit?

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