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calculation of capital gain

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(Querist)
23 November 2010 dear sirs,
please provide me a simple steps to compute capital gain & holding of shares as on particular date as per income tax valuation of shares when there are huge no of contract receipts. please urgent
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 February 2011 1. When frequent turnover or high turnover in particular scrips are found, the transactions are treated as trading transactions.
2. You may not require to calculate capital gains in such a case. It is better to prepare books of account. Trading A/c will be sufficient in this case.
3. The other way out is- collect the Scripwise, Datewise, quantity report from your broker. A separate report on your holding and so many other type of reports are also readily available. Verify your total holding in Demat and in Pool A/c with the broker's statements.
4. Many brokers are providing e-accounting facilities. In which data can be uploaded from broker's computer.
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