calculation of CG/ CL on the basis of fifo method of share
This query is : Resolved
08 August 2010
dear all,
there is no records of shaers purchased - regarding date of purchase. few shares of same company sold on 20.7.10. can i consider fifo method for calculating capital gain or loss?
Thanks in advance
Regards
sushil.
there is no records of shaers purchased - regarding date of purchase. few shares of same company sold on 20.7.10. can i consider fifo method for calculating capital gain or loss?
Thanks in advance
Regards
sushil.
CA.Amit Revankar
(Expert)
08 August 2010
The shares which are held in demat A/c can only be considered for FIFO method. Other than those no. If u r share certifiate is loss get confirmed from company.
08 August 2010
for calculating the capital gain u need to follow only FIFO method...
if u do not ve the purchase date and value u can look at the demat statement wer u can get the purchase date and if it held for more than one year and sold through recognised stock exchange then i think purchase value is not important since u ve held it for more than 1 year
if u do not ve the purchase date and value u can look at the demat statement wer u can get the purchase date and if it held for more than one year and sold through recognised stock exchange then i think purchase value is not important since u ve held it for more than 1 year
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