Shares in Multiple Accounts - Tax Treatment?

ramkasi

Active member
#1
Small doubt, if I buy the same scrip from two brokers and using 2 trading accounts [consider first bought in A a/c and then in B a/c]

If I sell shares from B a/c first which shares I have to consider to calculate the net profit or loss?

thanks
ramK
 

Alchemist

Administrator
Staff member
#2
If I sell shares from B a/c first which shares I have to consider to calculate the net profit or loss?
The cost in this case will be cost of shares that were credited to B account.

FIFO will only apply if both shares are held in same demat account.
 
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