When a trade is considered Intra Day?

To clarify, you're questioning your broker's classification of the trade as an intra-day profit.

 Let's break down the transactions: Transactions

1. *Purchase 1*: 100 shares on 01.08.2014 at ₹500 apiece.

 2. *Sale*: 100 shares on 07.08.2024 at ₹480 apiece (11 am).

 3. *Purchase 2*: 100 shares on 07.08.2024 at ₹460 apiece (2 pm).

Intra-Day Trade Definition An intra-day trade typically involves buying and selling a security within the same trading day, without taking possession of the shares.

 Your Broker's Classification Your broker has classified the trade as an intra-day profit, likely because the sale and subsequent purchase occurred on the same day.

 Correct Classification However, considering your interpretation, the sale on 07.08.2024 should be matched against the purchase made on 01.08.2014, as the shares were held for more than a day.

Conclusion The correct classification of the trade would be a *short-term capital loss* (if the shares were held for less than 24 months) or a *long-term capital loss* (if the shares were held for more than 24 months), not an intra-day profit.

Advice 1. *Review your contract note*: Verify the contract note provided by your broker to ensure it accurately reflects the transactions.

2. *Consult your broker*: Discuss the classification with your broker and request a correction if necessary.