Hi,
Sub:- Sale of BSE shares
We are a Stock Trading Co., and acquired a Membership Card of BSE in the year 1995 and taken under the Schedule of ‘Fixed Assets’. The BSE has extinguished a card by issuing shares in the F.Y 2005-06. We have sold partly the shares during the F.Y 2007-08 and adjusted for the purpose of computation of long term capital gains, the cost of acquisition of membership card with indexation and paid 20% of the long term capital gain tax. The membership card which was converted into the shares, the cost of which was taken as of 1st April, 2007 at the indexation cost 551 / 281 X cost of acquisition, whether this has been rightly computed or not to be confirmed. Our assessment for the A.Y 2008-09 is in progress.
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Sale of BSE shares
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REC 8.71% Tax-Free Bonds Issue – August 2013: The Bond to Bond With
The current environment in the Indian financial market can perhaps be termed cataclysmic. The stock indexes have made losing a habit and the Rupee is headed for the Marina Trench. Investors are in a gloomy mood and are desperate to latch on to options which can keep them buoyant in troubled waters.
https://holisticinvestment.in/blog/rec-tax-free-bonds-august-2013/
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
www.holisticinvestment.in
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