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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)
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
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