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Capital gain on sale of shares

This query is : Resolved 

01 August 2012 Dear Experts,

Can you please help me to calculate the the Capital Gain in the following Case:-

An individual has bought 100 shares from an unlisted Pvt Ltd Company in fy 2011-12 @ Rs. 10 per share whereas the net asset value of Share is Rs. 4063.50 per share.
so as per section 56(2)(vii) of the Income Tax Act, 1961, he paid income tax on on the difference between the net asset value and the consideration paid on the shares i.e Rs.4,05,350 ( 4053.50*100).

Now he has sold these shares in fy 2012-13.

So my question is that, what will be the cost of acquisition of these shares so as to calculate the Capital Gain.

01 August 2012 the short term capital gain would be calculated taking 4063.50 as cost


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