Query around grandfathering in ltcg

241 views 1 replies

Hi Guys, Request some help with the provisions of grandfathering post LTCG tax in Equities. I have the following scenario with 3 stocks and have given their purchase, sale and 31st Jan 2018 rates. 
1) 2 of the stocks were sold for a profit but when compared to 31/01/2018 they are a loss. So does this qualify for LTCL or just zero LTCG.
2) 1 of the stocks was sold for a loss but when the rates for 31/01/2018 rates are considered there is a bigger LTCL. Can this higher LTCL be used in this case. I would ideally think not but do we have any opinion to the contrary and if so why?.

Buy Average Sell Average 31.01.2018 
99.3318 121.7762 136.05 
265.4934 306.4 471.65 
174.6364 161.6161 263.15

Replies (1)

1. Zero gain or loss

2. No higher claim, loss will be just Rs. 13/- per share


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details