short term capital gains tax !

[GauravC]

i read a rather disturbing report in the timesofindia few days ago , basically it said that if u book 1000 rs profit .. a trader may be liable to pay upto 500 - 600 as tax ! .. i tried looking online but cant find it on the net .. anyway .. pls discuss the fineprint of the short term cap gains tax here , i would like to know more about what affect it will have .. are the big brokerages the only ones to be affected .. or does it directly affect the clients of the brokerages as well ..


discuss ..

 

[GauravC]

no replies ? .. cmon people .. i need to know more about this asap .. would be happy to read some informed inputs regarding this ..

thanks =)

 

[aroymkp]

no - it is wrong.

 

[beginner_av]

i read a rather disturbing report in the timesofindia few days ago , basically it said that if u book 1000 rs profit .. a trader may be liable to pay upto 500 - 600 as tax ! .. i tried looking online but cant find it on the net .. anyway .. pls discuss the fineprint of the short term cap gains tax here , i would like to know more about what affect it will have .. are the big brokerages the only ones to be affected .. or does it directly affect the clients of the brokerages as well ..


discuss ..

now you may have it in options, not anymore from next fin year.