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Short term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2015 Please let me know wile calculating cost of shares in cas of short term capital gain on equity shares.
Can I use my choice of method i.e fifo or weighted avg ???
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CA CS Jainam Shah

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CA CS Jainam Shah (Expert)
08 December 2015 You cannot choose any method. You have to do calculation using FIFO method.

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