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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Capital gain computation - LTCG OR STCG - different demat ...

Case Laws     Income Tax

June 26, 2019

Capital gain computation - LTCG OR STCG - different demat account - ‘period of holding’ - it is mandatory to follow FIFO method when the profits on sale of shares in different circumstances is taxed at different rates, under different heads - FIFO method apply in case of multiple accounts to each of the demat account separately - gain is STCG

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