Yes…its taxable…
Short term capital gains tax:
If you hold the stock between 0 to 12 months, then the gains attract a tax rate of 15%.
Long term capital gains tax:
If the holding period of the stock is more than 12 months, then the gains do not attract any tax.
Read Complete in http://www.fiis.in/capital-gains-tax-impacts-equity-investments/
Profits from trading Equity and Profits from Trading Derivatives are treated differently, in terms of taxation.
1. Equity Intraday is considered speculative
2. Equity held between 1 day to 1 year as Short term
3. Stocks held for anything more than 1 year as long term.
4. All kinds of derivatives, F&O on stocks, commodities and currency, is considered as a business income, so any profit you make gets added to all your other income and you have to pay tax according to the IT slab you fall in.
Read this post to know more in detai.