Long term capital loss on equity

sanjay shah (properitor) (71 Points)

14 July 2018  

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?