I am a local trader from Chennai. I have Depository Participant accounts with two brokers, say Broker A and Broker B.
From Mr. A, I bought 2000 shares of Ladi Sugars @ Rs 145 per share in September 2015.
From Mr. B, I bought 4000 shares of Ladi Sugars @ Rs 249 per share in Arpit 2017.
In June 2017, I closed my depository participant account from Mr. A and transferred the existing Ladi Sugar shares to the DP account with broker B.
Now in January 2018, Mr. B sold 1000 shares of Ladi sugars @ Rs. 324.
My question is:
To book the Capital gains in my Book of Accounts which 1000 shares should I consider first ? The shares of 2016, 2017 or some kind of average?
Jan. 12, 2018