Delisted shares sold in off market/ Rebate u/s87A
This query is : Open
09 July 2026
Dear Experts,
The assessee has sold delisted shares bought 15-20 years back having negative book value in off market deal for 1500/- and shares transferred to buyer in Demat account incurring loss of 98000/-. These shares are not traded on the exchanges in last 5-10 years.
Does section 50CA applies to these transactions? If yes, how one can find FMV in absence of financial data for many years? Where it is to be shown in the schedule of Capital Gain?
Secondly, while filing return in form 3 for AY 2026-27 under new regime, the assessee has total income of 16 lac comparing of LTCG u/s 112A Rs. 7 lac and Normal income of Rs. 9 lac. The utility calculates tax on Normal income and Special rate income and allows 87A rebate on tax on normal income.
Is there technical glitch or it’s a correct position?
Your guidance will be highly appreciated.
Thanks
The assessee has sold delisted shares bought 15-20 years back having negative book value in off market deal for 1500/- and shares transferred to buyer in Demat account incurring loss of 98000/-. These shares are not traded on the exchanges in last 5-10 years.
Does section 50CA applies to these transactions? If yes, how one can find FMV in absence of financial data for many years? Where it is to be shown in the schedule of Capital Gain?
Secondly, while filing return in form 3 for AY 2026-27 under new regime, the assessee has total income of 16 lac comparing of LTCG u/s 112A Rs. 7 lac and Normal income of Rs. 9 lac. The utility calculates tax on Normal income and Special rate income and allows 87A rebate on tax on normal income.
Is there technical glitch or it’s a correct position?
Your guidance will be highly appreciated.
Thanks
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