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Query regarding tax filing on capital gain and loss
Hello members. I have a query regarding tax on shares sold since I just started a year and a half back. Coming to the query. Let's say I have stocks of 2 companies X and Y. I bought certain quantity of stocks multiple times. All shares of X are more than a year old. All shares of Y have not crossed the one year mark. Now, let's say I gained an amount "Rs.100" from selling all stocks of X and I lost "Rs.103" from selling all stocks of Y. So do I need to file tax for the long term gain I made from X (Rs.100)? Because if I see the overall return, I'm in loss (-Rs.3). I would really appreciate your help.5
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