Capital gain

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MAYUR (Querist)
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10 June 2019 sir,
new Capital gain Long term calculation explain
if suppose i purchase shares f y 2008 rs 10000/- ( 1000 Q)
FMV Value Rs 37 lakh 31.01.2018 (1000 Q)
& Sold Rs 24 lakh 25.09.2018 ( 1000Q)
above case my Long Term loss consider Yes or No please explain

Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2019 For equity shares : cost of acquisition = higher of cost of acquisition (10000 in your case) OR lower of FMV (37 lakh) or sale value(24 lakh)....i.e. to say higher of 10000 or 24 lakh = 24 lakh.
So to say you have NIL capital gain in this