Indexation of cost of improvement of shares

What will be the tax treatment of short term capital gain arising on sale of shares of an unlisted private limited company? Mr. X has purchased shares of unlisted private limited company in F.Y. 2000-01 which was partly paid up. Paid up value was Rs. 8 per share and face value was Rs. 10 per share. On 31.01.2015 the company called the last call and the call money was paid by Mr. X to the company on 31.01.2015. Now Mr. X has sold his shares to Mr. Y on 17.06.2016. My question is whether the call money paid by Mr. X will form part of cost of improvement while calculating long term capital gain on such shares?
Replies (3)
no !! coa will be 10
part payment was done and asset was acquired by you

Wrong answer

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