Which tax is applicable in following case?

46°
Deal Captain
Rockstar165

Suppose I have sold some shares exactly on the 365th day, which holding and tax will be considered? LTCG or STCG? The holding period is shown as 365 in the report.

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Generous Generous
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It should be stcg

Also this financial year was having 366 days so no doubt it's STCG

Deal Newbie Deal Newbie
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Check in broker reports/records for P/L.

Commentator Commentator
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ideally, this classification is done by the broker so don't think this can be questioned/go wrong, especially during leap year as while ITR filing we don't give the dates and only the amount (cost of acquisition/full value of consideration) and then the quarter-wise amount

you also have the tool from Income Tax website
https://incometaxindia.gov.in/Pages/tools/perio...
Finance Mentor Finance Mentor
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Should cross a full year, check broker report for data...

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