Updating the buy price of transferred shares helps in the following ways:
- Accurate Profit/Loss Calculation – Ensures correct profits or losses are determined when selling shares.
- Proper Tax Calculation – Allows for accurate calculation of capital gains or losses, affecting taxes.
- Accurate Portfolio Value – Reflects the true value and performance of your portfolio.
Steps to update the price:
- Go to the Stocks Dashboard from your Home screen.
- Find the stock that was transferred and click the 3 dots next to it.
- Select 'Add buy price & date for 'XYZ' stocks from demat transfer' or click on the stock to update the price.
- Enter the price and date for each transferred stock.
- Click Confirm to save the updates.
Click the button below to go directly to the 'Dashboard' tab.