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long term capital gain

a (abc) (78 Points)

29 March 2011

CAN YOU GUIDE ME ABOUT MY BELOW MASSAGE I APPLIED THE SHARE FOR RPOWER AND THE COMPANY ALLOTMENT 17 SHARE @ 430 IN 2008 AND THEN AFTER I PURCHASED THE SHARE OF 8 SHARE @ 415 IN 2008 AND COMPANY PROVIDE ME A BONUS 15 SHARE

TOTAL SHARE OF 40 AND TOTAL AMOUNT IS 10630

Total average Rate is 265.75, I sale all above share in March 2011 @ 120/-

I AM SALARY PERSON AND CAN I CLAIM LONG TERM LOSS IN MY COMPUTATION AND HOW TO SHOW IN ITR-1

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3 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 29 March 2011

First of all you have to file ITR – 2

Cost of acquisition of shares

17X430 = Rs.7310.00

8X415 = Rs. 3320.00

15 X 0 = 0.00

--------------------

10,630.00

-------------------

Sales computation of shares

17 X 120 = Rs. 2040 ( LTCL 5270.00)

8 X 120 = Rs. 960 ( LTCL 2360.00

15 X 120 = Rs. 1800 ( LTCG)

Total loss for carry forward Rs.5830.00 ( LTCL)

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M. N. JHA (CA) (8316 Points)
Replied 29 March 2011

Originally posted by : Pankaj Arora
	First of all you have to file ITR – 2 Cost of acquisition of shares 17X430 = Rs.7310.00 8X415 = Rs. 3320.00 15 X 0 = 0.00 -------------------- 10,630.00 ------------------- Sales computation of shares 17 X 120 = Rs. 2040 ( LTCL 5270.00) 8 X 120 = Rs. 960 ( LTCL 2360.00 15 X 120 = Rs. 1800 ( LTCG) Total loss for carry forward Rs.5830.00 ( LTCL)