Long term capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2018
(1) If I have purchased shares at lower price before 31.1.18 & if I sell the same after 31.1.18 arising into LTCG, then should I take the market price prevailing on 31.1.18 as the cost price or my actual cost price ?
(2) If I have purchased shares at higher price than what was prevailing on 31.1.18 & if I sell the same aftr 31.1.18 giving me LTCG, then which cost price should I take - my actual cost price or price on 31.1.18 ?
(3) If I sell shares next fin. yr, i.e. after 1.4.18, then which cost price to be taken - actual CP or price prevailing on 31.1.18 for STCG & LTCG ?
(4) I have a lot of shares. Want to know where I can get share prices of 31.1.18 easily at one go.
Thank you for your time.
(2) If I have purchased shares at higher price than what was prevailing on 31.1.18 & if I sell the same aftr 31.1.18 giving me LTCG, then which cost price should I take - my actual cost price or price on 31.1.18 ?
(3) If I sell shares next fin. yr, i.e. after 1.4.18, then which cost price to be taken - actual CP or price prevailing on 31.1.18 for STCG & LTCG ?
(4) I have a lot of shares. Want to know where I can get share prices of 31.1.18 easily at one go.
Thank you for your time.
CA R SEETHARAMAN
(Expert)
06 March 2018
1 Take market price as on 31-01-18
2 Take actual cost price.
In both the above cases sale before 31st March 2018 long term capital gains exempt.
3 For LTCG you have to consider which ever is high price. For STCG only actual cost to be considered.
4 Search Web.
2 Take actual cost price.
In both the above cases sale before 31st March 2018 long term capital gains exempt.
3 For LTCG you have to consider which ever is high price. For STCG only actual cost to be considered.
4 Search Web.
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