how to calculate capital gains?


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2010 I have over the past one and half years, been trading in stocks. I would like to know how to calculate short term capital gains. As an example:

1. Bought 50 shares of XYZ company in october 2008 at Rs. 100/- per share.

2. Bought another 40 shares of same XYZ in November 2008at Rs 70/- per share.

3. Sold 20 shares of XYZ in March 2009 at Rs. 80/- per share

4. Sold 20 shares of XYZ in June 2009 at Rs 85/-

My question is how do I calculate CGT for AY 2008 - 2009 and 2009 - 2010?

Can somebody help?

Rasesh (Expert)
11 April 2010 The sale of shares is to be considered on FIFO basis. The first sale in March 2009 at Rs. 80 would mean a short term capital loss of Rs. 20/- on 20 shares for AY 08-09 and the second sale in June 2009 at Rs. 85/- would mean a short term capital loss of Rs. 15/- on 20 shares for AY 09-10.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 April 2010 Thanks! It is very clear how to calculate the capital gains. Is there any software to do this calculation?

vibhav shah (Expert)
08 May 2010 i agree with rasesh but ay mentioned is incorrect, it should be 09-10 & 10-11 resp



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details