Capital gain on unlisted share

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80 Points Posted on 01 March 2023
Purchased 500 unlisted equity shares in 1997-98 at the rate of ₹330 each.
Fair market value in April 2001 is ₹45 each .
In January 2023 transferred all Shares at the rate of ₹280 each .
Kindly calculate capital gain.
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On 01 March 2023 at 18:29 Report
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Quick Summary
This discussion explains how to calculate capital gains tax on unlisted shares purchased in 1997-98. It clarifies that you can use either the original purchase cost or the fair market value as of April 1, 2001, whichever is higher, to determine the cost base. The example demonstrates calculating the long-term capital gain based on these rules.

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SEO Sai Gr. Hosp.
212441 Points Posted on 01 March 2023

You are free to choose COA as on date 01.04.2001 or actual cost, if its higher...

Here LTCG can be 500* 50  === Rs. 25,000/-

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On 01 March 2023 at 21:37
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80 Points Posted on 01 March 2023
Exactly sir I was having a doubt on which one to choose . thank you sir for answering my all queries.
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On 01 March 2023 at 21:57
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SEO Sai Gr. Hosp.
212441 Points Posted on 01 March 2023

My pleasure.                      

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On 01 March 2023 at 23:31
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Profession Business
28246 Points Posted on 02 March 2023
Long term Capital gain
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On 02 March 2023 at 06:26

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