Capital gains

Avasarala Vivek Aditya

Cost of acquisition for the long term capital asset falling u/s 112A is - Higher of (1 & 2) 1. Cost of acquisition of such asset 2. Lower of (a & b) a. Fair market value of such asset. b. Full value of consideration received on the transfer of such asset. Here Fair Market value where the capital asset is an equity share in a company - i. Not listed on Stock exchange ,............ ii. Listed on stock exchange..................... is as follows - Initial Cost of acquisition * Cost inflation index of 2017-18 / Cost Inflation index of the year of COA So, basically this is to find out the FMV of the capital asset (by apportioning the FMV between the period of 2017-18 and the period of COA of the capital asset) which is required to mention in 2a above. Hope you got it.

Thread Starter

Thanks brother but what about the date given 01.04.2001

Avasarala Vivek Aditya

If the asset is purchased before 01.04.2001, then the CII of 2001 (being the base year) is to be taken.

Avasarala Vivek Aditya

Cost of acquisition for the long term capital asset falling u/s 112A is - Higher of (1 & 2) 1. Cost of acquisition of such asset 2. Lower of (a & b) a. Fair market value of such asset. b. Full value of consideration received on the transfer of such asset. Here Fair Market value where the capital asset is an equity share in a company - i. Not listed on Stock exchange ,............ ii. Listed on stock exchange..................... is as follows - Initial Cost of acquisition * Cost inflation index of 2017-18 / Cost Inflation index of the year of COA So, basically this is to find out the FMV of the capital asset (by apportioning the FMV between the period of 2017-18 and the period of COA of the capital asset) which is required to mention in 2a above. Hope you got it.

Thread Starter

Brother for listed and unlisted samw COA ?

Thread Starter

*same