I was holding shares since 2007 in demat account A and recently transferred those shares to demat account B (both demat accounts are on my name). Reason for opening demat account B was I did not had online trading account for demat Account A.
Now if I sell shares from demat account B, will that be still considered as Long term capital gain and I do not pay anyt tax OR would that be considered as short term capital gain as I was holding these shares in new demat account only from March 2013.
Thanks in advance.
Now if I sell shares from demat account B, will that be still considered as Long term capital gain and I do not pay anyt tax OR would that be considered as short term capital gain as I was holding these shares in new demat account only from March 2013.
Thanks in advance.