Long term capital loss on equity

"Should we consider cost of purchase as Rs 100 and get a long terms capital loss of Rs 96.."

Yes, Correct .....

Hi,

In Case U have been recoding stock at CMP, then loss will be calculate (5-4)*NO. of shares as the rest of the losses you have recorded earlier while recording the shares at CMP.

OR else if the above is not followed , then ypu have to calculate loss (100-4) i.e Rs 96*NO.of shares.

Regards

CA Swati Agarwal

Hi,

In Case U have been recoding stock at CMP, then loss will be calculate (5-4)*NO. of shares as the rest of the losses you have recorded earlier while recording the shares at CMP.

OR else if the above is not followed , then ypu have to calculate loss (100-4) i.e Rs 96*NO.of shares.

Regards

CA Swati Agarwal

Thks for your reply but I did not understand "recording share at CMP".Can you pls explain.

CMP is current Market Price