Clarification needed on Liquidbees taxation

[nmuthu]

@Jason_Castelino

ere is double taxa

Since the LIQUIDBEES are treated as Equity in Zerodha Tax P&L, we need to remove/correct the entry manually in TAX P&L. so that it will not get added to STCG or LTCG. otherwise we will end up in double taxation.

Got a confirmation from Zerodha in below thread :

Zerodha Tax P&L for LIQUIDBEES

So, in TAX P&L if its treated as equity, then while submitting the ITR, we need to remove that realized profit from STCG section right. could you please confirm.

Thank You.