24 June 2023
Hello, previous FY, I had sold quite a few shares which had been bought before 31st Jan 2018. But the IT portal is not showing loss in cases where it should. Taking example of Aurobindo Pharma:
1) 9th May 2017: 594 (Original COA) 2) 31st Jan 2018: 635.5 (FMV) 3) 31st Mar 2023: 516.45 (Sale Price)
Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it's showing approx. 0 (after removing the 'Expenditure wholly and exclusively in connection with transfer' part).
This is happening for all cases where Sale Price is lower than Original COA & FMV. Am I doing something wrong here? Or this is how it's supposed to be?