Considering cost as on 31/01/2018

Hi everyone,

Mr. A purchased mindtree shares at Rs. 5 20 years ago. Larsen & Toubro Info tookover Mindtree  in Nov 2022 and allotted 73 shares of LTImindtree for every 100 shares of mindtree.

Now Mr. A sold LTI mindtree shares. While computing CG what FMV I should take as on 31st January 2018 because now the shares sold is LTImindtree and when I purchased it was only Mindtree??

01. Should i consider mindtree Cost as on 31/01/2018 or,

02. L&T Infra Cost as on 31/01/2018 or

03. should i do some adjustment  to get cost  as on 31/01/2018?

plz suggest me ,

Thank you.

Replies (9)
Quick Summary
This discussion addresses a common Capital Gains Tax query for investors who held Mindtree shares before the LTIMindtree merger. The core issue is determining the correct cost basis as of 31st January 2018, when shares were originally purchased as Mindtree but later became LTIMindtree. Participants are seeking clarification on whether to use the original Mindtree cost, an adjusted LTIMindtree cost, or another method entirely for tax calculations.

Consider the cost of Mindtree  as on 31.01.2018 & divide it with 0.73 for effective transferred rate.

Cost for 1, 2,and 3 must be ascertained

Sir  could u plz elaborate.

Say the price of Mindtree on 31.01.2018 is 146.

So, your cost of acquisition of LTImindtree as on 31.01.2018 would be 146/0.73  == 200.

Cost as on 31.01.2018

ITR will require ISIN. Which one to use LTI mindtree or mindtree?

LTI Mindtree...                    

But LTI mindtree will not have a price as on 31.1.18!

The reply is only for the ISIN....             

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