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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Determination of LTCG on sale of shares - period of acquisition ...


Long-term capital gains calculation on shares considers acquisition period; assessee claims indexed cost from original purchase date.

April 30, 2019

Case Laws     Income Tax     AT

Determination of LTCG on sale of shares - period of acquisition - acquisition of shares on the basis of share certificates issued on amalgamation in lieu of the shares originally purchased/acquired by the assessee - rightly claimed for working out the indexed cost of acquisition while computing the long term capital loss from date of shares originally purchased/acquired

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