Tax on shares transaction

Aditi Jain (CA FINAL) (97 Points)

10 May 2017  

I have a confusion!
If i bought Stock “X” at Rs. 100 on 26 September 2016 and got delivery in DEMAT A/C
on 29 September 2016 Market Started falling after Surgical Strike and i sold stock “X”at 10:20 AM and bought back at 03:20 PM.
With this activity i saved the loss of Rs.20(i.e. Stock closing price was Rs.80) that i could have suffered but technically it’s shown as “Profit”
After 2 Months i sold Stock “X” at Rs.200
Now it is clear that Rs. 100 (200-100) are STCG
but what about Rs. 20 that i saved on 29 September ?
Will it be Speculative income Despite having Stock in DEMAT?
Do i have to disclose it ?
As it is not real profit it just saving of Loss that could have suffered

Thank You