Query around grandfathering in ltcg

Tax planning 216 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


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