urgent stock query
This query is : Resolved
29 December 2009
How to calculate stock profit.
Ex. 50 share powergrid purchase 50
70 share powergrid purchase 62
75 share powergrid sale 52
10 share powergrid sale 54
how to calculate profir & loss
Ex. 50 share powergrid purchase 50
70 share powergrid purchase 62
75 share powergrid sale 52
10 share powergrid sale 54
how to calculate profir & loss
31 December 2009
The main question here is which shares should constitute closing stock. According to Income Tax you should follow First in First Out (FIFO). According to this method your closing stock consist of 35 shares purchased @ Rs.62. So your profit will be:
Sales Price (75x52)+(10x54) =Rs.4440
Less Purchase price(50x50)+(35x62)=Rs.4670
Loss =Rs. 230
Sales Price (75x52)+(10x54) =Rs.4440
Less Purchase price(50x50)+(35x62)=Rs.4670
Loss =Rs. 230
31 December 2009
Thank u sir
Wish you a very Happy Prosperous &
colorful Happy New Year
2010
Wish you a very Happy Prosperous &
colorful Happy New Year
2010
01 January 2010
Thank you so much Ankur. I also wish you a lot of success in the new year 2010 and beyound that.
09 January 2010
we purchase share 50 lac in abc company in off market.but share not transfer in my demat a\c. i say all shares adjuste in margin a\c, today income tax notice pls proof thease shares are purchase so plese advice me.
11 January 2010
There must be an agreement when you purchased these shares. If you did not get them transferred to your Demat a/c, then whom you gave as adjust towards margin. Please clarify these points, then we can think of some proof etc.
11 January 2010
we gave adjust towards margin a\c. pls help this matter.
12 January 2010
Dear Ankur please reply to the questions I asked on 11th Jan. Only then I would be able to answer your question.
16 January 2010
Sir,
jab share purchase kiye tab agreement nahi banwaya tha agar ab last date mai banwaye to kaise banwaye. pls snd agreement form
jab share purchase kiye tab agreement nahi banwaya tha agar ab last date mai banwaye to kaise banwaye. pls snd agreement form
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