Capital gain on share

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B.Com
53 Points Posted on 13 September 2020

Very old shares sold in year 2019 , cost of acquisition is not known .. shares are very old exact year of purchase is not known it may be period of 1990 to 1993. What to do while filing ITR 2

What to do with cost of acquisition

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On 13 September 2020 at 21:58 Report
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If you've sold very old shares where the original purchase cost is unknown, you can use the Fair Market Value (FMV) as of April 1, 2001, or the actual cost of acquisition, whichever is higher, as your cost basis for capital gains tax. You can find historical share prices on the BSE or NSE websites to determine this FMV. Indexation benefits will apply, using 2001 as the base year.

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ca.umesh11@gmail.com
1465 Points Posted on 13 September 2020

Cost of acquisition or fair market value as on 01.04.2001 whichever is more beneficial is to be taken as cost of acquisition.

 

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On 13 September 2020 at 22:24
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B.Com
53 Points Posted on 13 September 2020

How to know FMV of these share 

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On 13 September 2020 at 22:30
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Practising CA
8954 Points Posted on 14 September 2020
Take the High Figure on 01.04.2001. Go to NSE --- Search for scrip - Go to Archives


Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E :raj @ rcdco.in
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On 14 September 2020 at 00:41
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209 Points Posted on 14 September 2020
FMV as on 1.4.2001 as on date of purchase which ever is higher shall be taken as COA see BSE website for earlier price.
Indexation will apply taking 2001 as base year
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On 14 September 2020 at 08:12

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