Computation of Capital gain data A.Y.09-10
This query is : Resolved
20 July 2009
Resp. Sir
I have maintained shares accounting in tally now i want that data in my computaition with all the details in my software . How can I make computation for capital gain / loss for the year A.Y.09-10
Pl. help me
Thanks
Vinay Kulkarni
I have maintained shares accounting in tally now i want that data in my computaition with all the details in my software . How can I make computation for capital gain / loss for the year A.Y.09-10
Pl. help me
Thanks
Vinay Kulkarni
20 July 2009
You have to follow fifo method for Shares accounting . i.e first in First out. The shares which are purchased first are treated sold first. According to it , you have to calculate Capital gain/loss .
If period of holding of shares is more than 1 year, then it will be LTCG, otherwise STCG.
If period of holding of shares is more than 1 year, then it will be LTCG, otherwise STCG.
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