Capital Gains sale of shares
This query is : Resolved
23 October 2024
I had 262 shares of X company on various dates from 01-Dec-2019 till 01 Feb 2022.
On 22-Nov -2023, Y Company acquired X company.
Out of 262 shares 52% was converted into shares and was alloted 34 shares and for balance 48% was given as special dividend. We declared the same in last year assessment and tax was paid accordingly. The market value of shares on 22nd November 2023 was $926.40
Subsequently the shares was subdived in 1:10 ration and we were hold 340 shares.
This month we sold 10 shares $177.
What is the cost price per share to calculate capital gain?
On 22-Nov -2023, Y Company acquired X company.
Out of 262 shares 52% was converted into shares and was alloted 34 shares and for balance 48% was given as special dividend. We declared the same in last year assessment and tax was paid accordingly. The market value of shares on 22nd November 2023 was $926.40
Subsequently the shares was subdived in 1:10 ration and we were hold 340 shares.
This month we sold 10 shares $177.
What is the cost price per share to calculate capital gain?
23 October 2024
It's 52% of the cost divided by 340 shares.
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