Menu
For STCG on equity shares
Which method is acceptable in Income tax - FIFO or Weighted Average for calculating Short Term Capital Gain on equity shares
Replies (2)
Quick Summary
For computing STCG on listed equity shares FIFO method is used (You can refer Sec 45(2A)). STCG @ 15% if STT is paid, shall be taxed u/s 111A.
Thank you Sir
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
