Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Planning for selling of shares

Save Share

This query is : Resolved

HARSH (Querist)

25 September 2009 if i have 10 shares purchased on different dates in my demat account. The first 2 shares were purchased 2 yrs back and rest of the shares are short term. as per rules shares goes out from demat on fifo basis.

Now suppose if i want to sell first my short term shares can i do so?
if not can i transfer my 2 long term shares to margin account with nse to get benefit of this situation for selling short term shares.after selling the short term shares i will take back my long term shares from margin account
please advice and for further queries do write to me

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)

25 September 2009 If u transfer and after that Sale Share from balance the same is also treated as long term capital gain. you can't claim stcg in any situation.

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