Capital Gain on Equity - Shares
This query is : Resolved
Quick Summary
05 July 2024
I had purchased few shares in year 2010 in physical forms. In february 2023 i had converted the same in demat form and then sold it on June 23. Now i want to calculate Capital gains on it but the statement of depository shows the same as short term. How can i get grandfathers value of the same to compute gains.
Dhirajlal Rambhia
(Expert)
05 July 2024
Refer:: https://finlib.in/fair-market-value-31-jan-2018/
05 July 2024
Thank you for the link. What which tax will be applicable?? LTCG or STCG?
Dhirajlal Rambhia
(Expert)
05 July 2024
LTCG,
Keep the records of dematerialization of the shares.
Keep the records of dematerialization of the shares.
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05 July 2024
Thanks a lot. Always to the point & prompt
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Dhirajlal Rambhia
(Expert)
05 July 2024
Dhirajlal Rambhia
(Expert)
28 August 2024
Good luck.
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