If I purchase a listed share on 1.4.18 and sold it on 12.12.19 . then FMv will calculate to ascertain the ltcg gain/loss ?? or directly give the tax on difference @ 10%
FMV is not required because for Cost of acquisition of shares fmv should be taken of 31.01.2018 . In your case you acquired shares after 31.01.2018 so FMV is not required. Pay the tax on ltcg of over and above of Rs.100000 of difference of sell and purchase.
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