12/15/2023 0 Comments Best currency converter app 2018J bought equity shares on 13th Nov, 2010 for Rs. What will be the long-term capital gain/ loss? He sold the shares on 18th May, 2018 for Rs. D bought equity shares on 23rd Oct, 2016 for Rs. He sold the shares on 21st May, 2018 for Rs. D bought equity shares on 11th Nov, 2016 for Rs. He sold the shares on 26th Apr, 2018 for Rs. A purchased equity shares on 20th Jan, 2017 for Rs. He sold the shares on 10th May, 2018 for Rs. Mr X bought equity shares on 15th Dec, 2016 for Rs. The computation mechanism has been further explained by way of the following examplesĬapital Gain/ Loss = Sale Price – Revised Cost of Acquisition on Example 1 In effect, the taxpayer can claim the highest price quoted on the recognised stock exchange on 31 January 2018 as the COA and claim the deduction for the same. In case there is no trading of the said asset in such stock exchange, the highest price on a day immediately preceding 31 January 2018 shall be considered to be the FMV. the Sale Priceįurther, the FMV would be the highest price quoted on the recognised stock exchange on 31 January 2018.
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