What is the difference between Short term capital gain, long term capital gain and speculative income?

If stocks are sold within a period of 1 year from the date of Purchase, Gain/Loss is classified as Short Term Capital Gain / Loss.

If stocks are sold after 1 year from the date of Purchase, Gain / Loss is classified as Long term Capital Gain/Loss. As per Income Tax Act, we are following FIFO methodology for computation of capital gain tax in Portfolio.

The computation of Capital Gains/Losses Tax should not be used as a substitute for competent tax advice. It is meant to provide you with a reference point of your Capital Gain Tax liability. We request you to further take opinion of your tax consultants, professional advisor before arriving at any decision on the basis of the computation of the Capital Gain Tax liability.