Capital gains / loss
This query is : Resolved
Chetan Sharma
(Querist)
25 May 2012
Putting my query in the form of an example.
31.12.2010 - Purchase 1000 Nos. Equity share @ Rs 1000/-.
30.05.2011 - Sold 1000 Nos. Equity share @ Rs. 950/-.
Q1. While computing short term capital loss will the cost of equity shares be indexed.
31.12.2010 - Purchase 1000 Nos. Equity share @ Rs 1000/-.
30.05.2011 - Sold 1000 Nos. Equity share @ Rs. 950/-.
Q1. While computing short term capital loss will the cost of equity shares be indexed.
25 May 2012
Cost of acquisition is indexed when long term capital asset is sold.
No indexation is done in case of short term capital asset.
In this case, since the shares have been held for a period of less than 12 months, they are short term capital assets and benefit of indexation is not available.
No indexation is done in case of short term capital asset.
In this case, since the shares have been held for a period of less than 12 months, they are short term capital assets and benefit of indexation is not available.
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prateek aanchalia
(Expert)
25 May 2012
agree with above..
if u file ur return before due date of return filing than carried forward of short term capital loss benefit you get. so file ur return before due date of getting that benefit (due date for individual assessee is 31.07.12)
if u file ur return before due date of return filing than carried forward of short term capital loss benefit you get. so file ur return before due date of getting that benefit (due date for individual assessee is 31.07.12)
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