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Ltcg gain on listed share
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%
Replies (2)
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.
No FMV required.
Work out LTCG
Threshold deduction upto 1 lakh
Above 1 lakh taxable ..... at Flat 10% + 4% cess (that is 10.40%)
Work out LTCG
Threshold deduction upto 1 lakh
Above 1 lakh taxable ..... at Flat 10% + 4% cess (that is 10.40%)
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