Indexation of cost of improvement for shares of pvt ltd. com

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Jay Mittal (Querist)
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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?

praveen

praveen (Expert)
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18 June 2016 No it will be still cost of acquisition. COA shall be Rs.10 and should be indexed from 2001. Cost is not based on cash basis.

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Indexation of cost of improvement for shares of pvt ltd. com

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