LTCG On equity 10%
Jasbir Pundir (24 Points)
03 February 2018
dear what is mean by 31 jan 2108 in calculations of tax
2 Replies
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 03 February 2018
as per meaning of Grandfathered ,
If you have purhase share on 01.10.2017 for Rs. 100
and Market Value as on 31.01.2018 is say 120
and share is sold after one year say on 01.12.2018 at Rs. 160
Then LTCG need to be paid on Rs. 160-120 = Rs. 40 and not on Rs. 60
You can also refer wordings as mentioned in finance bill 2018
Vishnu Chomal
(6 Points)
Replied 04 February 2018
That's mean 5 years back capital gain above 100000 after 31-3-18 that's cost on 31-1-18 5000 and cost 5 years back 50 then can we count cost from 5000? And before 31-1-18 capital gain not shown or exempt
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