Can any one have more then one demat accounts?

#3
yes u can have more than one demat accounts with same broker or any other broker.for the tax purpose it will be more helpful.if u have phyisical form of share certificates u can identify the shares whether u r holding it more than a year or less.for example u r wishing to hold 1000 shares of "x" for more than 1 year period for the investment and getting the capital gain tax benifit.it has a good growth story. so after 5 months u want to buy another 500 of the same company for 2 month period.if u r holding the whole shares in the same demat account, while selling the First Come First Go principle will be applied for the tax purpose.so it will be cosidered that u have sold the 500 of initial investment of 1000 for the investment period of 7 months and u will get the short term capital gain tax benifit. u have to hold another 10 months to get the whole tax benifit for the part of the shares u hold.
so u can have more than one demat account for the long term and short trem view
 
#4
Is day reading income considered short term(capital gains) or business income?How short a holding period entitles one to be taxed short term capital gains?
 

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