Share Transaction

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BHAVESH (Querist)
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16 June 2011 I have forgot share transaction of conversion of reliance petrol to reliance industries last year? Shares in DP is nil in last year? how to treat in current year where shares standing in books of accounts?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 June 2011 You must have received shares in RIL and to them you might have sold.
At the time of sale , as you have not deducted the cost, your capital has increased by the cost amount. Transfer the amount standing in RPL share a/c to the Capital account.

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