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How to Save Tax On Short Term Investment With Profits

Discussion in 'Investment Analysis' started by shabbir, Jun 1, 2014.

  1. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jun 1, 2014
    Share #1
    masihpatel likes this.
  2. jignesh_acharya

    jignesh_acharya Active Member

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    Which form to submit to claim loss or profit form equity? I think ITR-1 does not have such columns to show the loss.
    Another question is the Investment and profit earned from one stock for one year can only be claimed for tax exemption? or i can invest in one stock then profit booking and then that amount i invest in another stock? The total profit from all this stocks over a period of 1 year can be claimed for tax exemption ?
     
    jignesh_acharya, Jun 2, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    I am not sure about the form number and details because that is done by my CA but he submits form IV for me as far as I know but it is better to be consulting CA for this matter.

    For investment in any single stock for more than 1 year is tax free and not if you switch between stocks.
     
    shabbir, Jun 3, 2014
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  4. jignesh_acharya

    jignesh_acharya Active Member

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    Ok.Thanks for Ans..
     
    jignesh_acharya, Jun 3, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine Jignesh.
     
    shabbir, Jun 3, 2014
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