JOSEPH DAVID (GM FINANCE) (286 Points)
28 February 2009X Ltd has purchased 1000 shares of A Ltd in the year 1994-95-Due to Amalgamation of ALtd with B Ltd in the year 2003-04-X Ltd has got 250 shares of B Ltd in place of 1000 shares of A Ltd.
In the year 2004-05 X Ltd has sold shares of B Ltd-
1.What is the cost of acquisition of B Ltd Shares
2.Whether indexation is possible
3.To calculate Long term/short term we have to consider the original date of purchase of A shares or Exchange of B shares
regards
Joseph david
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 28 February 2009
| Originally posted by :JOSEPH DAVID | ||
| " | X Ltd has purchased 1000 shares of A Ltd in the year 1994-95-Due to Amalgamation of ALtd with B Ltd in the year 2003-04-X Ltd has got 250 shares of B Ltd in place of 1000 shares of A Ltd. In the year 2004-05 X Ltd has sold shares of B Ltd- 1.What is the cost of acquisition of B Ltd Shares 2.Whether indexation is possible 3.To calculate Long term/short term we have to consider the original date of purchase of A shares or Exchange of B shares regards Joseph david |
" |
Cost of acquisition of B Ltd Shares = Purchase amount of A ltd Shares amount
Indexation is possible = yes
Long Term/Shor Term = Original date of purchase of A shares
ABHINAV JAIN-nvr allows urself to b ADVISED
(CA Article)
(54 Points)
Replied 03 March 2009
| Originally posted by :JOSEPH DAVID | ||
| " | X Ltd has purchased 1000 shares of A Ltd in the year 1994-95-Due to Amalgamation of ALtd with B Ltd in the year 2003-04-X Ltd has got 250 shares of B Ltd in place of 1000 shares of A Ltd. In the year 2004-05 X Ltd has sold shares of B Ltd- 1.What is the cost of acquisition of B Ltd Shares 2.Whether indexation is possible 3.To calculate Long term/short term we have to consider the original date of purchase of A shares or Exchange of B shares regards Joseph david |
" |
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