Comment on Introducing Console holdings
commented on
20 Jun 2019, 10:43 AM
Ya. I understood it is fine. My point is when a person is a long term investor as well as a swing trader the problem arises since a part of holding is for short term profits. Profit/Loss will be booked based on FIFO, the investor might have bought long ago at a different price for long term investment. He, seeing an opportunity in swing might have also traded to encash the opportunity. If the customer is given a choice to select the lot, then he can do so to book short term profit/loss. The lot which he purchased for long term investment will be in tact with the original price. However the profit for taxation will be different.