Capital gain on share trading
This query is : Resolved
04 February 2012
Can I calculate capital gain on Last in First out (LIFO) basis, as per Income Tax Act,1961 ?
Please Reply
Please Reply
04 February 2012
INCOME TAX RECOGNISES FIFO METHOD ONLY.
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04 February 2012
DO agree with Expert..
Message likes :
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05 February 2012
Dear Mubashir,
For calculating capital gains on Shares, ONLY FIFO method is reognised.
Rgds, Pankaj
For calculating capital gains on Shares, ONLY FIFO method is reognised.
Rgds, Pankaj
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