|
FIRST
IN FIRST OUT (FIFO) METHOD
Assessment
Year: 2008-09
Previous Year: 2007-08
|
S
No.
|
Type of
Security
|
Date
|
Rate
|
Nature of
Transaction
|
No. of
Securities
|
Lot No.
|
|
1
|
Shares of A Ltd.
|
Friday, September
27, 2002
|
100.00
|
Purchase
|
1000
|
A
|
|
2
|
Shares of A Ltd.
|
Saturday,
November 30, 2002
|
200.00
|
Purchase
|
900
|
B
|
|
3
|
Shares of B Ltd.
|
Sunday,
March 21, 2004
|
250.00
|
Purchase
|
500
|
1
|
|
4
|
Shares of A Ltd.
|
Wednesday,
July 13, 2005
|
300.00
|
Sale
|
1600
|
See working
below
|
|
5
|
Shares of B Ltd.
|
Saturday,
August 27, 2005
|
500.00
|
Purchase
|
1700
|
2
|
|
6
|
Shares of A Ltd.
|
Friday,
January 27, 2006
|
400.00
|
Purchase
|
1200
|
C
|
|
7
|
Shares of A Ltd.
|
Sunday,
May 27, 2007
|
500.00
|
Sale
|
800
|
See working
below
|
|
8
|
Shares of B Ltd.
|
Monday,
September 17, 2007
|
700.00
|
Sale
|
2000
|
See working
below
|
The
Capital gains on sale of shares will be calculated in the following manner,
i.e., shares purchased first will be sold first.
|
Nature
of Security
|
Particulars
|
Quantity
|
Rates
to be considered for determining cost of acquisition**
|
|
A
Ltd. Shares
|
Sale of Shares
of A Ltd. On 13th July 2005
|
|
|
|
Total Shares Sold
|
1600
|
|
|
Less: Lot A Shares
|
1000
|
100.00
|
|
Less: Lot B Shares
|
600
|
200.00
|
|
Hence Closing Balance of Lot B shares on
31.03.2008 (since Lot A has been fully exhausted)
|
300
|
200.00
|
| |
|
|
|
Sale of Shares of A Ltd. On 27th May 2007
|
|
|
|
Total Shares Sold
|
800
|
|
|
Less: Closing Balance of Lot B Shares now
utilized
|
300
|
200.00
|
|
Less: Lot C Shares
|
500
|
400.00
|
|
Hence Closing Balance of Lot C shares on
31.03.2008 (since Lot B has been fully exhausted)
|
700
|
|
| |
|
|
|
|
B Ltd. Shares
|
Sale of Shares
of B Ltd. On 17th September 2007
|
|
|
|
Total Shares Sold
|
2000
|
|
|
Less: Lot 1 Shares
|
500
|
250.00
|
|
Less: Lot 2 Shares
|
1500
|
500.00
|
|
Hence Closing Balance of Lot 2 shares on
31.03.2008 (since Lot 1 has been fully exhausted)
|
200
|
|
**
Indexation of Cost of Acquisition to be done where securities are sold after a
year from its acquisition.
*** No transactions of either sale or purchase have taken place after 17th
September 2007.
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