student
34 Points
Posted on 28 April 2017
invested in a gold fund in sips of Rs 2000 p.m. from nov 2011 to march 2014. Redeemed all units in may 2016. I have calculated capital loss for each sip based on holding period of greater than or less than 3 yrs. For the sips upto april 2013, since holding period is more than 3 yrs, I have calculated LTCL by indexing cost of acquisition of all the sips individually.
date of purchase amt indexed cost of acq
15-11-11 2000.002045 2968.340765
10-01-12 1975.005379 2931.241492
10-02-12 1975.002694 2931.237508
12-03-12 1974.996208 2931.227881
10-04-12 1974.999512 2607.833862
10-05-12 1999.99894 2640.843671
11-06-12 2000.006062 2640.853075
10-07-12 1999.99656 2640.840528
10-08-12 2000.002629 2640.848542
10-09-12 2000.003238 2640.849346
10-10-12 2000.004934 2640.851586
12-11-12 2000.005242 2640.851993
10-12-12 2000.006635 2640.853832
10-01-13 2000.001104 2640.846529
11-02-13 2000.002176 2640.847943
11-03-13 2000.003435 2640.849606
10-04-13 1999.995713 2396.160998
total indexed cost 45815
sold units purchased upto 10/04/2013 on 9-5-16 for Rs 32458
long term capital loss=32458-45815=13357 which will be c/forward. am I correct?
for units bought from10/5/13 to 10/03/14, calculated short term capital loss.
Please tell whether I am correct or not
CAclubindia
