Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2013 Dear Sir,

My Castrol India Shares Sale During the Year
but purchase date & amount not avail

capital gain purchase rate ? & purchase date ?

CA Ankit Anupkumar Luharka

CA Ankit Anupkumar Luharka (Expert)
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20 December 2013 you can get its purchase date from your agent or broker...you can have the duplicate transaction copy from the broker...with that, the amount of purchase with date will be known to you

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2013 Share purchase in 1982 in individual not broker

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 December 2013 if it is 1982, you dont have to worry anyways. whatever the capital gain might be it is exempt from taxation!

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 December 2013 even if you assume Zero price, still no tax liability arise. Even BSE doesnt offer prices before 1990. So just consider the whole of the income as capital gains which is anyways exempt from tax.