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Capital gain on share trading

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Mubashir (Querist)
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04 February 2012 Can I calculate capital gain on Last in First out (LIFO) basis, as per Income Tax Act,1961 ?
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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 February 2012 INCOME TAX RECOGNISES FIFO METHOD ONLY.
.

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Yogesh Agarwal

Yogesh Agarwal (Expert)
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04 February 2012 DO agree with Expert..

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Mubashir (Querist)
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04 February 2012 Thank You Sir, for answering my query.

Pankaj K Gupta

Pankaj K Gupta (Expert)
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05 February 2012 Dear Mubashir,
For calculating capital gains on Shares, ONLY FIFO method is reognised.
Rgds, Pankaj

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