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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Adjustment at the beginning of the year
- Bifurcation of prepaid expenses
- Is income taxable or receivable or received in case of LLP and company
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
