Indexation Benefit in case of Long Term Capital Loss

Share
Share This Thread
  1. jigna

    jigna New Member

    Hello,
    I wanted to know when there is long term capital loss on sale of unlisted shares, indexation benefit is available on same while computing such loss ??

    For eg

    Mr. X is having 50000 Equity shares @ Rs.10/- on 01/04/2000 in ABC Ltd which is unlisted pvt ltd company.

    And he sale the same on 10/12/2014 @ Rs.3/- per share

    So Computation will be as follows.

    FVOC Rs.1,50,000/- (50000 SH*Rs.3/-)

    Less ICOA Rs. 12,61,000/- (10*(1024/406)*50000)

    LTCL (Rs.11,11,000 )


    Pls let me kno whether above computation is correct & can it be taken as a set off agains long term capital gain of sale of Shares of XYZ Ltd (unlisted company) Rs.20,00,000/- ???
     
  2. jigna

    jigna New Member

     
  3. jigna

    jigna New Member

    pls revert me as soon as possible... i need suggessions on this.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Indexation for Pre-2001 Property Income Tax Jan 1, 2018
Capital Gains Indexation Date - is it agreement date, payment date or registration date? Income Tax Oct 9, 2016
Is Indexation on Sale of Shares to be applied? Income Tax Jul 25, 2016
INDEXATION CALCULATION - L.T. CAPITAL GAIN Income Tax Jul 2, 2016
Indexation treatement for Long Term Capital Gains Income Tax Jun 22, 2016