Hello Quicko team,
I have 2 Queries,
I am a salaried employee at 30% tax bracket.
- Buy 100 Shares of Brittania @ 3000 on 20May2020 and Sell for 3700 on October 2020. Buy 100 Shares of Brittania @ 3600 on Nov 2020 and keep them till May2021. How will the Gain calculated for tax purpose for FY 2020-2021.
will i need to show (600x100) as STCG or show (100x100) as STCG / LTCG.
- If i Buy shares worth 10 lakhs in different Companies in May2020 and Sell and Rebuy shares of other companies with the money earned throughout the year. If all the Initial Investment and Earnings are reinvested in Stocks by end of May 2021. No money withdrawn from the Demat Account and all profits and Initial investment all are reinvested in different company stocks. Do i need to show any Additional Earning in my Income Tax Filing because of earning from sale of shares which were re-invested.
Looking forward to your reply.