26 January 2020
What is VG Cost? If you refer capital Gain than MF is taxable as Short term if it is hold for less than 12 months So for Bifurcation you have to calculate Short term profit & long term profit separately
27 January 2020
It can only be calculated on FIFO basis. Avg cost even if you apply is incorrect and if offered for tax will lead to misreporting/under reporting of income and can lead to penalty if scrutinised.
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