capital gain on shares
This query is : Resolved
GAURAV JAIN
(Querist)
28 August 2010
if i purchase 1000 listed equity shares @ Rs. 500 each on 01.10.2010 but i get news from one person to sell the 1000 shares on 15.11.2010 @ Rs. 900 Each otherwise price will down and that person charge Rs. 50000 for this news. now my question is that what treatment will be done of above Rs. 50000 in tax and accounts both..and payment of Rs. 50000 is made by cheque..
Aditya Maheshwari
(Expert)
28 August 2010
It could be considered as a cost of transfer. Otherwise there is no other treatment possible.
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