Capital gains / loss

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Chetan Sharma (Querist)
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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.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

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prateek aanchalia

prateek aanchalia (Expert)
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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)

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