Cost for Capital GAin
This query is : Resolved
05 July 2010
The Assessee was allotted shares by his employer at less than Market Value. Tax on the difference in Market Value of shares and the value at which the share was allotted was deducted at source from salary. The shares were sold and there was Short Term Capital Gain. Kindly advise about Value to be adopted as Cost of the shares for the purpose of taxation and working of Capital Gain.
05 July 2010
if the shares are not listed you have to take the avg of the opening & closing price .in case it is listed the price at which the highest transaction is done.
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