share calculation

[anshul singhal]

can lifo method be used in calculating share profit and use of STT in calculating profit 

please answer very urgent

[CAGOPALJI AGRAWAL]

There is no fundamental principle for recognising LIFO method. STT would form part of purchases.

AI Summary

LIFO Method Not Supported for Share Profit Calculation; STT Included in Purchase Cost for Accurate Assessment A user inquired about the use of the LIFO method for calculating share profit and the role of Securities Transaction Tax (STT) in profit calculation. The response clarified that there is no fundamental principle supporting the LIFO method for this purpose. Additionally, STT should be considered as part of the purchase cost.