Suppose, I bought shares of company A at diff points of time in a year. Below can be the buying dates,price & no of shares.
14th June 2011 – Rs.85 – 100
14th July 2011 – Rs. 75 – 100
14th Aug 2011 – Rs. 90 – 100
06th Sep 2011 – Rs 93 – 100
07th Oct 2011 – Rs 95 – 100
Below can be taken as an example of Selling dates, price & no of shares:
09th Dec 2011 – Rs 67 – 100
10th Jan 2012 – Rs 57 – 100
12th Feb 2012 – Rs 70 – 100
Can in this case, we can choose the maximum buying prices for the shares sold for gain/loss calculation (for tax purpose), as all the shares were bought before selling.. Or it should be always 1st in 1st out?
Can the average buying & selling cost be considered also while calculating gain/loss?