Intraday on the same stock which is in hold

Taxation
1

Hello,

Assume that I had purchased 100 shares (let it be X), each share @ Rs:1000/- on 1-Jun-2016 and again I bought 100 shares at 950 on 1-Jun-2017. Now I have total of 200 shares.
If I sell 100 shares @ 970 on the same day 01-jun-2017.
Now how the trading will happen?
Is the new 100 shares buy and sell treat like an intraday or it effect the holdings and make an average price.

2

Since you’re squaring off positions on the same day you’re making an intra-day profit of Rs. 2000 @ Rs. 20 each for 100 shares. Your original holdings are not disturbed.

Exploring a different scenario:

You purchase 100 shares of X @ Rs. 1000/- each on 1-Jun-16. Next you purchase 100 shares of X @950/- each on 1-Jun-17. You now have 200 shares.
On 10-Jun-17 you sell 150 shares @ Rs. 970/-. First-In-First-Out method applies. It is deemed you’re first making sales out of your 100 shares of 1-Jun-16 holdings and then 50 shares out of 1-Jun-17 holdings.

Therefore, on 10-Jun-17 your Long Term Capital Loss is (Rs. 3000). And your STCG is Rs. 1000. Further, you’re holding 50 shares at a price of Rs. 950 each.

Hope this helps. Cheers.

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