capital gain Query-when shares F.V split
This query is : Resolved
10 June 2009
Capital gain :
Purchase
1. Purchase shares at 13.8.08 qty 250 @ 175 per share
2. Purchase shares at 14.8.08 qty 500 @ 172 per share
The face value of shares is split from rs.100/- to rs. 10/- each.
3. Purchase shares at 18.8.08 Qty 5641 @ 15 per share
4. Purchase shares at 1.9.08 Qty 9578 @ 17 per share
Sold
1. Sold shares on 5.6.09 Qty 10000 @ 19 per share
2. Sold shares on 6.6.09 Qty 3000 @ 22 per share
how gain/loss is calculated under FIFO method if shares F.V is change.
Purchase
1. Purchase shares at 13.8.08 qty 250 @ 175 per share
2. Purchase shares at 14.8.08 qty 500 @ 172 per share
The face value of shares is split from rs.100/- to rs. 10/- each.
3. Purchase shares at 18.8.08 Qty 5641 @ 15 per share
4. Purchase shares at 1.9.08 Qty 9578 @ 17 per share
Sold
1. Sold shares on 5.6.09 Qty 10000 @ 19 per share
2. Sold shares on 6.6.09 Qty 3000 @ 22 per share
how gain/loss is calculated under FIFO method if shares F.V is change.
11 June 2009
When face value of share split then no. of shares will increase, therefore, you have to split your purchase value accordingly.
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