Which tax is applicable in following case?

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Last Comment 2024-06-09

2024-06-06

Suppose I have sold some shares exactly on the 365th day, which holding and tax will be considered? LTCG or STCG? The holding period is shown as 365 in the report.

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https://www.desidime.com/comments/permalink/10119835

Gauravmittal49589

2024-06-06

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It should be stcg

Also this financial year was having 366 days so no doubt it's STCG

https://www.desidime.com/comments/permalink/10119860

Yamuna1973

2024-06-06

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Check in broker reports/records for P/L.

https://www.desidime.com/comments/permalink/10119974

arundass007378

2024-06-06

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ideally, this classification is done by the broker so don't think this can be questioned/go wrong, especially during leap year as while ITR filing we don't give the dates and only the amount (cost of acquisition/full value of consideration) and then the quarter-wise amount

you also have the tool from Income Tax website
https://incometaxindia.gov.in/Pages/tools/perio...