A ltd is a listed com.these shares were acquired by Mr Rajan on 5-4-2017 @ 100per share.STT was paid both at the time of acquisition as well as at the time of transfer of such shares which was affected through a recon stock exchange.on 31-1-2018 the shares of a ltd were traded on stock exchange (fmv)is 300per share.
Pur no of shares 10000.
sold these shares on 5-4-2019 @ 650 per share.
calculate tax liability and
tell that individual get relief of basic exemption limit
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Capital gain
Replies (5)
Quick Summary
Sale value = 650×10000=6500000
purchase value=100×10000=100000
gain=5500000
tax=550000
lgcg is taxable at 10% without indexation
purchase value=100×10000=100000
gain=5500000
tax=550000
lgcg is taxable at 10% without indexation
Not correct.
10% in excess of Rs.1 lac
10% in excess of Rs.1 lac
Mera doubt hai ki Jo tax liability calculate karenge na to 250000 ki basic exemption milegi ya nhi
Basic exemption is not allowed against special rated taxable amt
will one lac rupees will be automatically adjusted in new itr if i make profit more than one lac or i have in claim rs 100000 deduction in ltgc and how to show in new itr sec 112
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