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
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