Capital gains / loss
This query is : Resolved
25 May 2012
Putting my query in the form of an example.
31.12.2010 - Purchase 1000 Nos. Equity share @ Rs 1000/-.
30.05.2011 - Sold 1000 Nos. Equity share @ Rs. 950/-.
Q1. While computing short term capital loss will the cost of equity shares be indexed.
31.12.2010 - Purchase 1000 Nos. Equity share @ Rs 1000/-.
30.05.2011 - Sold 1000 Nos. Equity share @ Rs. 950/-.
Q1. While computing short term capital loss will the cost of equity shares be indexed.
25 May 2012
Cost of acquisition is indexed when long term capital asset is sold.
No indexation is done in case of short term capital asset.
In this case, since the shares have been held for a period of less than 12 months, they are short term capital assets and benefit of indexation is not available.
No indexation is done in case of short term capital asset.
In this case, since the shares have been held for a period of less than 12 months, they are short term capital assets and benefit of indexation is not available.
Message likes :
1 times
25 May 2012
agree with above..
if u file ur return before due date of return filing than carried forward of short term capital loss benefit you get. so file ur return before due date of getting that benefit (due date for individual assessee is 31.07.12)
if u file ur return before due date of return filing than carried forward of short term capital loss benefit you get. so file ur return before due date of getting that benefit (due date for individual assessee is 31.07.12)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
