InvestorQ : sir, I have bought 570 shares of yes bank at Rs.69.65 last December 2019.i have added some more shares and averege it Rs. 21.68 . Last week I sold 800 shares out of 4010 shares. but my 570 shares at sold at Rs.69.65 instead of Rs.14.43.Is it correct?
SELVAKUMAR made post

sir, I have bought 570 shares of yes bank at Rs.69.65 last December 2019.i have added some more shares and averege it Rs. 21.68 . Last week I sold 800 shares out of 4010 shares. but my 570 shares at sold at Rs.69.65 instead of Rs.14.43.Is it correct?

Answer
image
Archita Jajjoo answered.
6 months ago
Follow
I think you re asking from a taxation perspective. In that case, you are right since FIFO method is used to calculate the cost price of the stock.
1 Views