Script split FMR

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Shruti Gawhankar (Querist)
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17 April 2020 If shares split into two each in FY 2019-20 what will be the FMR for calculating LTCG as there was only one share on 31/01/2018.

ex. If HDFC shares split in FY 2019-20
I have 100 shares which were purchased in 2017. What will be the FMR od Shrars if i sell 50 of them in FY 2020-21?

thank you

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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24 April 2020 Calculation will be done on the basis of number of shares held by you post split. E.g. Holding 10 Shares @50 totaling Rs. 500. Post split number of shares 20. So your original cost of holding 1 shares is Rs. 25 (500/20). Similarly you have to divide FMV on 31/01 with ratio of split.

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Shruti Gawhankar

Shruti Gawhankar (Querist)
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08 June 2020 Thank you, sir.
Can you please help me with this one.
ITR 5 FY 2018-19. the client had filed the return where the amount eligible for deduction not reflected in the original XML. He filed rectification which is now denied. the error was in XML now can he revise the return for 80P deduction? Please reply soon as 30 June is the last date for the revision of ITR FY 2018-19.

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C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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18 June 2020 Yes he can file revised return. And also after filing revised return he need to give reply against the demand raised (if any)