Capital gain

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makadia veena patel

makadia veena patel (Querist)
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30 November 2011 Is Indexatation applicable on share tranfer

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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30 November 2011 In case of unlisted shares you can do so.

makadia veena patel

makadia veena patel (Querist)
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01 December 2011 say for example. i Hold 10000 Shares in Altd Co. which is nt listed. And now Iam Selling or Transfering 5000 shares to Mr.Q. thn How its Calculated. Say date of Purchase of share is on 19th sep 2009 and date of sale is 0n 19th Nov 2011.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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01 December 2011 You have purchased 10000/ shares and paid Rs
100000/.

Cost of 5000 shares = (100000/10000) x 5000= 50000
.
Indexed cost of acquisition = 50000xCost Inflation Index of 2011-12) /CII of 2009-10

or (50000x785)/632.

(Shares held for more than 12 months is a LT Capital Asset)

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