Valuation of shares as on 31.03.2018

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Mahabir Prasad Agarwal (Querist)
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01 March 2019 Sir, I had purchased few shares of a Indian company during 2008 for Rs. 24,000/-. Now the market price of said shares shows as Rs. 50,800/- (as learnt from the Account statement of NSDL). I have to file my ITR for AY 2018-2019. Whether I will have to show the income from shares (Market price less purchase price) ? If yes, under which head of income and what rate of income tax will have to be paid by me ? Please guide me.

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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01 March 2019 Tax Liability on Such Shares will arise, only if the said Shares are sold in the Stock Exchange. Mere Appreciation of Value of Securities will not attract any taxes.

Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)
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01 March 2019 Thanks sir for your prompt reply

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Valuation of shares as on 31.03.2018

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