Are there any tax implications if I buy shares within a week of selling them?

Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies, “Yes. As per Sec 112A, capital gains on sale of shares (net off Company A and Company B), exceeding Rs 1 lakh, would be taxable at 10% without the benefit of indexation. Thus, Rs 30,000 shall be taxable in your hands. The purchase of the same shares after one week would not have any separate tax implications. Consequently, if the same is sold again and gains are realised, capital gains would be charge ..