The investors must calculate and file weighted average cost to the brokers within a day after trading (T+1). The capital gain tax will be calculated based on the weighted average cost declared by the investors.
If the investors fail to submit the cost within the given period, the settlement system will take the base value (Rs 100) as a weighted average cost.
In this regard, Central Depository System (CDSC) has asked all broker companies to collect weighted average cost calculation form from all their investors and infuse the data in the settlement system.
Moreover, the regulatory body also urges all investors to file the weighted average cost calculation form within a day (t+1) after the trading to their respective brokers.