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Booking profit loss on share,transaction across FY

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(Querist)
10 July 2011 Hi,
I wanted to know that if i bought a share in a financial year and sold them off in the next FY (but within 12 months) in which FY should i book the profit/ loss in it ??
what is notional profit /loss ??
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
10 July 2011 The profit/loss has to be booked on the date of sale.
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
12 July 2011 In the year in which sale took place.




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