sir
pls guide me how will i pass entries for grandfathering ltcg loss in books of accounts if ihave account in icicidirect.
i have some shares more than one year holding i am in profit but when i grandfather it its a loss,pls explain how to compute in itr and accounts,
i think that ltcg loss cannot be forwarded but confusion is there...
regards
deepak
LTCG is not subject to grandfathering.
Sale value - original purchase value and brokerage, STT = LTCG taxed at 10% + 4% cess if gain is more than 1lac.
ok
if i have share purchase price 830 more than one year sell price is 930 but on the jan 31 grander father is 1180 of that share ,how will i compute,is it a loss or profit,,,,pls explain
thanx
https://www.businesstoday.in/markets/stocks/grandfathering-of-ltcg-from-equities-long-term-capital-gains-tax/story/272806.H T M L
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