Speculation transaction

Save Share

This query is : Resolved

Quick Summary

This discussion explores whether intraday stock transactions conducted through a broker without actual delivery are classified as speculative transactions or taxed as short-term capital gains/losses. It specifically questions if the principle remains the same when transactions occur via a broker's pooled account, without direct debit/credit to the client's demat account, and whether clients can still declare them as short-term capital gains/losses.

LAVINA CLETA D'SILVA

LAVINA CLETA D'SILVA (Querist)

11 December 2020 will Intra day transactions made through a stock broker without actual delivery be considered as speculative transaction / or taxed as short term capital gain/loss?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

11 December 2020 Speculative transactions.

LAVINA CLETA D'SILVA

LAVINA CLETA D'SILVA (Querist)

11 December 2020 Sir thank you for the update.
Suppose the intra day transactions happen through the pooling a/c of the broker without actual debit/credit to clients d-mat account, will the same principle hold and will it be considered as a speculative transaction? or can the client declare it as short-term capital gain/loss?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now