POSTED BY November 27, 2012 9:29 am COMMENTS (6)ON
I have read a lot of your articles and found them very useful. I have a small query.
I understand that the profit on investment over one year in a stock is tax exempt. If a person sells one stock after 6 months and invests that amount again in another stock for other 6 months. Will this be considered as investment in stocks for continuous one year and will the profit be tax exempt?
Also, is the profit in one stock compensated by the loss in another stock in order to calculate the taxable profit?