banner_ad

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?
Profile Image

Rasesh

Profile Image

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?
Profile Image

vibhav shah

Profile Image

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details