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Capital Gain LTCG or STCG on non delivery base transation, Income Tax

Issue Id: - 116947
Dated: 5-1-2021
By:- Bhavesh Patel
Capital Gain LTCG or STCG on non delivery base transation

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One of our clients has bought RIL Shares 500 @ 1205 on 26/07/2019. Then he has bought new RIL share 100 @ 2120 on 08/09/2020 and sell it 100 @ 2100 on 09/09/2020(it is non-delivery based BTST transaction). Then which of the following method true, Method -1 or Method-2.

Method-1
Qty Rate Amount
100 1205 1,20,500.00
100 2100 2,10,000.00
Profit 89,500.00

Method-2

Qty Rate Amount
100 2120 2,12,000.00
100 2100 2,10,000.00
Loss 2,000.00

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Showing Replies 1 to 1 of 1 Records

1 Dated: 3-3-2021
By:- DR.MARIAPPAN GOVINDARAJAN

Method II is correct.


1

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