18 June 2016
Mr. X had purchased shares of pvt. ltd. company in F.Y. 2000-01 which was partly paid up. Paid up value was Rs. 8 per share and face value was Rs. 10 per share. On 31.01.2015 the company called the last call and the call money was paid by Mr. X to the company on 31.01.2015. Now Mr. X has sold his shares to Mr. Y on 17.06.2016. My question is whether the call money paid by Mr. X will form part of cost of improvement while calculating long term capital gain on such shares?
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