Capital Gains calculation

Personal Finance ✔️
1

Hi All,

I have one query.

For capital gains calculation FIFO is applicable. How does this work if same stock is there in two different broker accounts?

Example - Stock A is Purchased in broker X in 2025 and Same stock is purchased in broker Y in 2026. Now if the stock is sold from broker Y, Will the FIFO will be applicable from broker X for calculation purpose?

Anyone has more details in this regards will help.

Thanks

2

Hi @Harish_Kumar3 The Capital Tax will be applicable based on the tenure of stocks in that particular demat account. So, if sell transaction has happened in broker Y, the FIFO rule for broker Y will be applied. If for X, then for broker X.

3

Hi Pravin, Thanks for the clarification. This really helps.