banner_ad

Capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 June 2019 sir,
new Capital gain Long term calculation explain
if suppose i purchase shares f y 2008 rs 10000/- ( 1000 Q)
FMV Value Rs 37 lakh 31.01.2018 (1000 Q)
& Sold Rs 24 lakh 25.09.2018 ( 1000Q)
above case my Long Term loss consider Yes or No please explain
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
10 June 2019 For equity shares : cost of acquisition = higher of cost of acquisition (10000 in your case) OR lower of FMV (37 lakh) or sale value(24 lakh)....i.e. to say higher of 10000 or 24 lakh = 24 lakh.
So to say you have NIL capital gain in this
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details