Speculation transaction

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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)
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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)
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11 December 2020 Speculative transactions.

LAVINA CLETA D'SILVA

LAVINA CLETA D'SILVA (Querist)
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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?

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