Share accounting-->fifo - capital gain - period as per fifo?
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02 July 2026
i bought reliance in 3 lots, how to calculate long or short term as fifo may give more than 1 date right?
example - 3 bought reliance ,
then 2 sold,
then 6 bought reliance,
then 5 sold.
for this 5 sold, 2 fifo dates will come. 1st lot date and 2nd lot date.
then how to calculate period of holding?
my view--> take any date in fifo to calculate period of holding (long or short term).
example - 3 bought reliance ,
then 2 sold,
then 6 bought reliance,
then 5 sold.
for this 5 sold, 2 fifo dates will come. 1st lot date and 2nd lot date.
then how to calculate period of holding?
my view--> take any date in fifo to calculate period of holding (long or short term).
02 July 2026
1. Two shares sold from the first lost of 3 shares purchased.
2. Five shares sold.... one from first lot & remaining four from the second lot of 6 shares purchased.
2. Five shares sold.... one from first lot & remaining four from the second lot of 6 shares purchased.
02 July 2026
Correct. Divide them in two lots.
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