Which tax is applicable in following case?

Taxation
1

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.

2

@Quicko

3

You can easily search such cases. You should sell on the 366th day or onwards (total hold of 365 days in console means it is LTCG)

Long Term Stock: no. of days starting criterion - General - Trading Q&A by Zerodha - All your queries on trading and markets answered (tradingqna.com)

4

Hey @Jack_R,

In such a case, the gains will be considered as short-term gains. Once the holding period exceeds 12 months, the gains will be classified as long-term gains.

Hope this clarifies.