Long term cg calculation with grand fathering - which approach is right?

Hi All

Can you please look at the following case and let me know how is the tax to be calculated and how it is to be entered in ITR and in which section?

Stock Purchase Cost FMV on 31st 2018 Sale Price Gain
A 43000 28000 7000 -35000
B 63000 88000 93000 +5000
Calculations 106000 116000 100000  

So, if you see above, if I do calculations on stock by stock, my gain is -35000+5000 = -30000 (APPROACH 1)

However, if I have to add up everything and then do the calculations, then my gain is 100000-116000 = -16000 (APPROACH 2)

Which of the two approaches is correct?

Then how do you enter in ITR, particularly if the right answer is -30000? Which section in CG ? I could not find a way to enter multiple rows to follow Approach 1 in ITR.

 

 

Replies (1)

1. For Stock no. A..... Loss is 36,000/- and not 35K

2. First approach is right, as per law.

3. Fill the data scriptt-wise in schedule 112A, it will take care.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details