Capital gain on share trading
This query is : Resolved
04 February 2012
Can I calculate capital gain on Last in First out (LIFO) basis, as per Income Tax Act,1961 ?
Please Reply
Please Reply
CA PARAS BAFNA
(Expert)
04 February 2012
INCOME TAX RECOGNISES FIFO METHOD ONLY.
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Message likes :
1 times
Yogesh Agarwal
(Expert)
04 February 2012
DO agree with Expert..
Message likes :
1 times
Pankaj K Gupta
(Expert)
05 February 2012
Dear Mubashir,
For calculating capital gains on Shares, ONLY FIFO method is reognised.
Rgds, Pankaj
For calculating capital gains on Shares, ONLY FIFO method is reognised.
Rgds, Pankaj
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