In case cost of acquisition of Equity shares is not available then can we consider only FMV as on 31.1.2018 ?
From where we can get FMV as on 31.1.2018 ?
Kindly share any practical examples or case studies to calculate LTCG u/s 112 A
Thanks in advance 🙏
I don't see a problem with considering FMV on 31/1/18 as Cost Of Acq (COA) , as you would be forgoing the benefit of considering a higher COA based on actual, thereby your gain could be higher. However, you cannot take FMV as COA if the Full Value of Consideration (FVOC) is higher than such FMV. In such a case, FVOC shall be the COA and no capital gain/loss incurred.
As for the second question, for listed share, FMV is the highest quote on 31/1/18 whereas for unlisted shares you need to take the indexed cost of acquisition.
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