GAIN

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shubh Soni (Querist)
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29 April 2021 My father in law purchased some share of DALMIA Sugars & industries ltd in year 1992, which was inherited by my wife after his death, After the subdivision of Dalmia sugars in 2 entity ( DALMIA BHARAT & DALMIA SUGARS) we were allotted 9400 shares of DALMIA BHARAT on 09/01/2019 against 4700 shares of Dalmia Sugars.
Recently we sold 200 shares of Dalmia Bharat @ 1484.26 on 12/02/2021 now how to calculate the capital gain on it ?
Or the income is tax free s the shares were purchase in 1992 ?
Do we need to calculate Fair Market Value of the same as the recent merger of DALMIA BHART & ORISSA CEMENT will have some impact on it.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2021 Take the cost of investment as 4700* 101.65 rate as on 31.01.2018; for 9400 shares of Dal Bharat. Fill the cost of 200 shares in the schedule 112A of ITR 2 / ITR3

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