Capital Gain CoA calculation
This query is : Resolved
09 November 2021
I bought 200 shares of ABC Company at a rate of Rs 80 per share in 20-May-2018 (invested amount being Rs 16000/-). In Apr-2020 this company was merged with another company and new merged company XYZ Ltd. converted the 200 share to 50 shares on 21Apr2020. I sold the 50 shares on 15Feb21 at the rate of Rs 350 per share for sale value of Rs 17500/-.
Q1. Will this be case of STCG or LTCG ?
Q2. How will the Cost of Acqusition be calculated for STCG or LTCG calculation? Will the cost of acquisition be Rs 16000 for 50 shares of XYZ Ltd?
Q1. Will this be case of STCG or LTCG ?
Q2. How will the Cost of Acqusition be calculated for STCG or LTCG calculation? Will the cost of acquisition be Rs 16000 for 50 shares of XYZ Ltd?
09 November 2021
1. LTCG
2. YES
2. YES
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