DT MCQ-21-4-8 CA FINAL

Mr. X purchases 1000 unlisted equity shares of Rs 10 each in A Ltd on 10-05-19 at Rs, 60/-.on 10-05-19

On 20-10-19, he transfer 800 equity shares at Rs. 30/- each and remaining 200 shares are transferred on 20-12-19 at Rs 20/- each. A Ltd declares 50 % dividend ( Record date 03-08-19 ). Also, during the previous year 19-20 , X has also earned LTCG of Rs. 96,000/- on sale of capital asset. Compute the amount of short term capital loss on sale of shares in Question that can be set off from the LTCG of Rs. 96,000/-

(a) 28,000/-

(b) 32,000/-

(c) 27,000/-

(d) 8,000/-  

Replies (2)
Quick Summary
This discussion focuses on calculating the Short Term Capital Loss (STCL) arising from the sale of unlisted equity shares. It involves determining the cost of acquisition and sale proceeds for shares purchased and sold within specific periods. The aim is to compute the exact STCL amount that can be set off against Long Term Capital Gains (LTCG) of Rs. 96,000, as presented in a CA Final exam question.

32000
Originally posted by : R.SRINIVASA CHARY
32000

Dear Sir 

Kindly explain your answer in details so that i understand with clarity

Thanks With Regards

Ravi SADhiyan

 

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