29 July 2024
an investor has three demat accounts with different brokers in demat acc no 3 he buys 100 shares on 1.7.2024 in demat acc no 1 he buys 100 shares on 15.7.2024 in demat acc no 2 he buys 100 shares on 31.7.2024 same company investment now if he sells 100 shares from demat account 2 on 10.8.2024 then sells 100 shares from demat acc no 1 on 16.8.2024
please guide how will the profit be calculated will it be demat account wise or FIFO method as per income tax rules thanks
CAclubindia
