Incase of sale of listed equity shares after 1-4-18 what value of cost price do we take in case of loss.
Ex- cost of shares purcgased say 10 years ago is 100/- per share.Fair market value as on 31/1/18 is Rs 5/- and sold at rs 4 on 5th may 2018.
Shld we consider cost of purchase as Rs 100 and get a long terms capital loss of Rs 96 or otherwise?