https://www.taxtmi.com/circulars?id=5150 Determination of date of transfer and period of holding for dematerialised securities under section 45(2A) requires application of the FIFO method to units credited to a demat account; FIFO is confined to dematerialised holdings, is applied accountwise across multiple demat accounts, and entries of dematerialised physical certificates take their place in the FIFO sequence based on the date of credit to the account. When a sale can be specifically linked to an earlier purchase by contract notes, the general rules for date of transfer and period of holding apply. en-us Wed, 24 Jun 1998 00:00:00 +0530 Sat, 09 Aug 2008 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5150 Determination of date of transfer and period of holding for dematerialised securities under section 45(2A) requires application of the FIFO method to units credited to a demat account; FIFO is confined to dematerialised holdings, is applied accountwise across multiple demat accounts, and entries of dematerialised physical certificates take their place in the FIFO sequence based on the date of credit to the account. When a sale can be specifically linked to an earlier purchase by contract notes, the general rules for date of transfer and period of holding apply. Circulars Income Tax Wed, 24 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5150