Mr. A purchased equity shares on 20-Jan-2015 for Rs. 16,000. FMV of the shares was Rs. 11,000 as on 31-Jan-18. He sold the shares on 26-Apr-2018 for Rs. 26,000. What will be the long-term capital gain/ loss? [Section 55(ac)]
Menu
Long term capital gain on listed equity shares
Replies (2)
LTCG of Rs. 10,000/-
FMV on 31.01.2018 - Rs.11,000
Original COA- Rs.16,000
Hence Cost of Acquisition (COA) shall be- Rs.16,000 (lower of above)
Capital Gain= Sale Price – Cost of Acquisition
26,000-16,000= Rs.10,000
Recent Topic
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
Related Topics
CAclubindia
