Mr. A purchased equity shares on 20-Jan-2015 for Rs. 16,000. FMV of the shares was Rs. 11,000 as on 31-Jan-18. He sold the shares on 26-Apr-2018 for Rs. 26,000. What will be the long-term capital gain/ loss? [Section 55(ac)]
Long term capital gain on listed equity shares
MAULIK GANDHI (Tax Assistant) (222 Points)
22 April 2019
CAclubindia
