Suppose I have two securities A and B in India. I sell A at a profit of 100 INR, and B at a loss of 90 INR. Both transactions are short-term. So my net gain is 10 INR. But I buy B immediately afterwards. Am I still allowed to show my net gain as 10 INR?
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Yes you can. However ensure you buy stock B the next day... else some brokers show buying and selling same day as day trading and the tax treatment is different.
Dheer
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