Sale of unquoted shares in random way

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2017 Whether an investor can sale its holding, acquired in multiple lots, in a way that will result NIL capital gain in the hands of investor ?

Example :- Mr A acquired shares of XYZ Ltd in 2010 - 5000 Shares ,i.e. lot 1 and in 2015 - 3000 Shares, i.e. lot 2 (Both allotment / acquisition is in paper form).

Please suggest, whether Mr A can sale 2800 Shares from both the lots, i.e. (2000 Shares from lot 1 and 800 shares from lot 2) ?
Is there any restriction to sale from a single lot ?

Also provide any write up / notes if available ..

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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26 September 2017 i assume the shares are held in demat form

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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26 September 2017 If yes, then the rule of First in first out (FIFO) applies which means that the first bought shares are sold first. No selective basis is allowed

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Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2017 no shares are in physical form