Imagine hypothetically for a moment if the ratio was 1 Bandhan share for 100 Gruh shares. Therefore, it is only logical to expect and to convince IT authority to concede to proportionate equivalence or else the grandfathering benefit passed by legislation would not accrue fully. Anything short of that would mean shortchanging an assessee on what has beet legally granted.
LTCG on sale of listed equity shared in sched 112A?
Page no : 2
Justin Russel Pinto
(Mr.)
(38 Points)
Replied 06 February 2022
This is in response to Achhe Din' post of 08 September 2021 to Samantha J,:
Does Sec. 112A apply at all in this case? Let us say that I want to sell Gruh by such quantity that my capital gains do not exceed Rs. 1,00,000 in a particular financial year; so as to avoid (not evade) paying LTCG on the sale of shares. Is this within the ambit of the law?
Is this permissible? I would much appreciate some clarity.
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