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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR-3 ignores Section 211 (1) (b) for Professionals u/s 44ADA
- EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT
- Salary u/s 194C
- Deduction for HUF
- Nill TDS Return FY 2025-26
- ERROR IN ITR3
- How to add NRE account to income tax profile?
- Upload Level Validation Error
- AY2025-26- Bug in ITR2 Online Filing - TDS Section related to Property Sale
- Filing ITR U
- Error: SCHEDULE80U_F10IA_2025_004 -
- Sale of foreign shares in Indian Rupees - FEMA rules
- Calculate Tax Liability of Sharmila
- Document to add trade name
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
- EPF Withdrawal Where to show in ITR2
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
