Dimple (Student) (364 Points)
04 June 2011
GEETA MISTRY
(ca final Student)
(171 Points)
Replied 04 June 2011
there would be long term capital loss
Arvind Sharma
(ACA)
(1432 Points)
Replied 04 June 2011
A. If Sale Consideration is Rs. 2500000
Sale Consideration = 2500000
COA = 1271155*711/519 = 1741409
COI = 505822*711/519 + 250000*711/551 + 224500*711/632
= 692947 + 322595 + 252562 = 1268104
Capital Gain/(Loss) = (509513) = Long Term (because period of holding is more than 36 months)
B. If sale consideration is Rs. 3000000
Sale Consideration = 3000000
COA (same as above) = 1741409
COI (same as above) = 1268104
Capital Gain/(Loss) = (9513) = Long Term Capital Loss
CAclubindia
