03 October 2023
2000 Shares of ABC Company bought in Aug-2017 for Rs 88 per share, was split/ subdivided in Dec-2019, 10 times and it became 20000 shares. Today the share price is Rs 32 per share. If I sell 1000 shares now how will I calculate the gain - what share rate will I take for Cost of Acquisiton (CoA). Can I follow FIFO and take the CoA as 1000x88 = 88000 and Sale Value being 1000x32 = 32000 and proceed? And continue to follow FIFO for future sale. The 1st 2000 shares will have a rate of Rs 88/share for CoA and beyond that the CoA will be zero.
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