Capital Gain LTCG or STCG on non delivery base transation

[Bhavesh Patel]

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

AI Summary

Client Faces $2,000 Loss on BTST Stock Sale; Method-2 Confirmed as Correct Calculation by Expert A client purchased 500 shares of RIL at 1205 each on 26/07/2019. Later, they bought 100 additional shares at 2120 each on 08/09/2020 and sold them the next day at 2100 each in a non-delivery based BTST transaction. The query is whether to calculate the transaction as a profit of 89,500 using Method-1 or a loss of 2,000 using Method-2. The response from a participant, DR.MARIAPPAN GOVINDARAJAN, confirmed that Method-2, which shows a loss of 2,000, is the correct approach.