Short Term capital Gains
This query is : Resolved
Udit Sethi
(Querist)
07 June 2010
I bought 40 shares of a listed company in Aug'09, 20 shares in Dec'09, 20 shares in Feb'10 and 40 shares in May'10.I sold 40 shares in June'10. To calculate STCG can the LIFO method be used or FIFO will have to be used? Please advise.
Aditya Maheshwari
(Expert)
07 June 2010
FIFO method will only have to be used
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