we have purchased equity shares of one company long back on 2002 , and bonus shares were issued and subdivision into 2 shares happened... thereafter no purchase has been made , now my query is ,On sale of shares in Fy 2020-21, what can I take original COA ,can I use weighted average method or FIFO for computing ORIGINAL COA.
THANKS IN ADVANCE
Menu
Original COA for the purpose of computing LTCG U/s 112A
Replies (1)
Its your choice
you may choose either of the methods.
if possible, you may predict when would you sell the remaining shares. if the tax effect is going to be higher in such future year then its better to take wam.
if the tax effect is going to reduce in such future year then its beneficial to take fifo.
you may choose either of the methods.
if possible, you may predict when would you sell the remaining shares. if the tax effect is going to be higher in such future year then its better to take wam.
if the tax effect is going to reduce in such future year then its beneficial to take fifo.
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
