Which will be applicable ltcg or stcg

1000/- is speculative income, not capital gain because settlement is done through margin, not by delivery of share.

But in case of BTST it is capital gain/loss because  settlement is done through delivery.

Intra Day Sale is not considered for the taxability under the Head Capital Gain. It is a speculative income /loss as the case may be. As, there is no delivery of shares . But as far as, BTST it is capital gain/loss because  settlement is done through delivery

It will not be LTGS/STCG

But it will also not be SPECULATIVE as under IT Act non delivery business on RECOGNISED STOCK EXCHANGE is not speculation

It will be income from other sources.

Also, in case of delivery based sale, it will be LTCG if the delivery of purchased shares is first released to your demat and than sold shares are deducted from your DEMAT....in that case rule of FIFO shall apply and old holding shall be deemed to have sold first.

But under BTST though delivery is taken, the purchased shares are not released to your demat account but on the next day when you sell them they are reduced from your holding from broker's pool a/c.........so if you do BTST then it will be STCG irrespective of your old holding. So in such case you should first wait for the shares to come in your demat account so that if you sell them then by FIFO rule you can set off them against old holding