Long term capital tax due to share split

Hello ,

Good Day. I have a query . We had 400 shares of a company A which we had bought in year 1995 for which the FMV on 31st Jan , 18 is say Rs600. Now in year 2021 the company does a split and due to the split the total shares becomes 1000 (face value Rs 5 to Rs 2) , so increased to 2.5 times the original quantity

We have sold the shares in Dec 2023. Now while filing the tax return , do we split /divide the original value of Rs600/ 2.5 to calculate the New Fair value per shares on 31st Jan or would the original value of Rs 600 per share be used .

Thanks

Replies (1)

Divide the original value of Rs600/ 2.5 to calculate the New Fair value per shares on 31st Jan

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details