Last year I had 25 shares valued each at 100 so total value=2500.
I sold 15 out of these at Rs.1800.
So should I,
1.value the remaining 10 shares at 700(2500-1800). or
2.value the remaining 10 shares at 1000(2500-1500[cost of 15 shares) and calculate capital gain?\
Please answer and explain whether to compute capital gain or not as the all shares are not sold?
And at which value I should record?
| Originally posted by : Devendra | ||
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capital gain is .........1800-1500 = 300
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There would be a capital gain of 1800-1500=Rs. 300(short term /long term gain will depend on the period of holding)
Remaining 10 shares will be valued at cost ie Rs 10*100=1000(assuming it to be long term in nature)
Even if you sell 1 share capital gain/loss would arise.
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