Equity sold on 31st March will be considered on which FY for IT returns

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Equity sold on 31st March will considered for which financial year for IT returns calculation

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Vinay,

Even though when you sell equity on 31st March 2014, the funds are received on 2nd April 2014 which is the next financial year, you should consider all such sales done for IT returns of the current year which is FY 2013-2014.

The reason for this is because the contract notes which act as a proof of your trade would be issued to you on the 31st March itself.

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can you be more specific about the question, is it a short term/long term transaction?