Which tax is applicable in following case?
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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/discussions/which-tax-is-applicable-in-following-case?page=1#post_10119860
Check in broker reports/records for P/L.
https://www.desidime.com/discussions/which-tax-is-applicable-in-following-case?page=1#post_10119974
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...
you also have the tool from Income Tax website
https://incometaxindia.gov.in/Pages/tools/perio...
https://www.desidime.com/discussions/which-tax-is-applicable-in-following-case?page=1#post_10124064
Should cross a full year, check broker report for data...
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It should be stcg
Also this financial year was having 366 days so no doubt it's STCG