Swady (Digital World) (115 Points)
28 May 2018Hi, for the shares that I am holding of x, y, z companies are the stock price as on 31st Jan'18 important for this FY? or will that day's high vs my original purchase price(whichever is higher) becomes my new purchase price for anytime I sell in the future??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160943 Points)
Replied 29 May 2018
Yes, that day's high vs your original purchase price(whichever is higher) becomes your purchase price for anytime you sell in the future. (for calculation of L T cap. Gain)
Swady
(Digital World)
(115 Points)
Replied 29 May 2018
Thank you so much! :-) And in case of Short Term the original purchase price will be applicable right?
CAclubindia
