Income Tax Rules, 2002

CHAPTER-II

DETERMINATION OF INCOME HEADS OF INCOME PART-III: COMPUTATION OF CAPITAL GAIN ON DISPOSAL OF SECURITIES UNDER SECTION 37A OF THE INCOME TAX ORDINANCE, 2001

From: 2023-11-01 - To: 0000-00-00 13D. Computation of capital gain or loss.- (1) Capital gain or loss arising on the disposal of any security shall be computed on the basis of First in First Out (FIFO) inventory accounting method. (2) Capital loss arising on disposal of securities in any tax year shall be set off against capital gain arising from the disposal of securities during that tax year to determine the taxable capital gain arising from the disposal of securities. 1[(3) Capital loss arising on disposal of listed securities in tax year 2019 and onwards that has not been set off against the gain of…