Selective selling

senthu_n · #1 14th March 2008, 01:41 AM

I have a demat account. I want to sell stocks based on its purchase date considering long term capital gain.
For instance, I have 150 units of stock X, out of which 50 shares were bought 11 months ago and the rest 100 a week ago. Here I wish to sell only 100 units of X which I had bought recently. How to do this? Pls give some pointers.

Thanks.

aca_trader · #2 14th March 2008, 11:13 AM

Quote:

Originally Posted by senthu_n

I have a demat account. I want to sell stocks based on its purchase date considering long term capital gain.
For instance, I have 150 units of stock X, out of which 50 shares were bought 11 months ago and the rest 100 a week ago. Here I wish to sell only 100 units of X which I had bought recently. How to do this? Pls give some pointers.

Thanks.

No solution for it. The accounting is done on FIFO basis. The IT department will always assume that your first 50 shares were sold. It's better to maintain two demat accounts and thus two seperate set of records which will help you in keeping your investment and trading activies seperately.

Regards,
--Ashish

senthu_n · #3 14th March 2008, 12:16 PM

Got it. Thanks Ashish.

shunya · #4 16th March 2008, 10:37 AM

Sell all of it and buy it again immediately..If u r in net loss

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