Pledge share + new share sale on Fifi or lifo

[AGK]

Hi, I have pledged 500 shares from holding.
Now if I buy more of same scrip for delivery and sell them later.
1.Will my dmat get debited on Fifo basis or Lifo.
2.Will P&L statement show the same accordingly

[siva]

@AGK

Now if I buy more of same scrip for delivery and sell them later.
1.Will my dmat get debited on Fifo basis or Lifo.
2.Will P&L statement show the same accordingly

@Nakul Can you.

[AGK]

@Nakul
hi, can you please revert

[Nakul]

@AGK

Hi, I have pledged 500 shares from holding.
Now if I buy more of same scrip for delivery and sell them later.
1.Will my dmat get debited on Fifo basis or Lifo.
2.Will P&L statement show the same accordingly

1. Yes, for accounting we follow FIFO itself.
2. Yes, the P&L will also show values according to the FIFO computation.