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.
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)
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