This discussion addresses how to calculate Long Term Capital Gains (LTCG) on shares sold in FY 2020-21 when original purchase records from over 12 years ago are unavailable due to account closures. A key suggestion is to obtain the share price as of 31st January 2018 from online sources or your broker and use this as the cost of acquisition.
05 December 2021
Sirs, Is there any way for calculation of LTCG on shares sold in F.Y. 2020-2021 if an income tax payer does not have a record of the purchase prices and dates of shares purchased by him about 12 years ago say in 2007-08 due to closure of his Demat/Trading account with the original retail broking house and transfer to a new retail broker? The new broker has only the prices as on date of transfer and the old broker (i.e. through whom the shares were originally/first purchased) is no replying