I am given to understand that Trading in Shares one can book the loss/profit based on the market price as at the end of the financial year. Please clarify. Will not freqency of buying & selling shares will be interpreted as Trading. Can one get the benefit of short term/long term gain in case the frequency is high. Can one apply LIFO (last in first out) accounting method to get the benefit of the long term capital gain & short term capital gain.
