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RE:Can you clarify on share trading
by Amitabh on Jul 11, 2008 11:44 AM

Just because you frequently buy and sell shares you do not become a trader.An investor does not have to maintain elaborate accounts and get any audit done.If you have short term capital gain you will have to pay tax despite erosion of capital. Till the shares are sold no loss or gain can be accounted for.

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Filing tax returns? A step-by-step guide