This discussion addresses the capital gains calculation for Berger Paints shares originally purchased in 1990 and dematerialised in 2015. The shares were subsequently sold in the financial year 2023-24. The query seeks clarification on how to calculate the capital gains and the applicable tax, specifically questioning the eligibility for indexation under Section 112A of the Income Tax Act.
24 July 2024
Case: Assessee bought Berger Paints shares in 1990 in paper form and later he materialized them in 2015. Now, sold those shares in FY 2023-24 at Rs. 585 per share.