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)]
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Long term capital gain on listed equity shares
Replies (2)
LTCG of Rs. 10,000/-
FMV on 31.01.2018 - Rs.11,000
Original COA- Rs.16,000
Hence Cost of Acquisition (COA) shall be- Rs.16,000 (lower of above)
Capital Gain= Sale Price – Cost of Acquisition
26,000-16,000= Rs.10,000
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