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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

Contents

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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