Tax on shares transaction

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

Replies (1)
Yes ₹20 income will be treated as your speculative income as it will be treated as intraday trade.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details