Capital gains

For the (i ) question you need to follow this to find the taxability

Anirudh gupta

CA Inter

★ 24K+

19-Mar-23

But after finding this why don’t we take indexation

Thread Starter

SANSKRITI BADRI 2111339

CA Inter

★ 2K+

19-Mar-23

The intention of question is that you have to find the capital gains based on some specific provisons....

Anirudh gupta

CA Inter

★ 24K+

19-Mar-23

Remember one thing....if there is purpose to jse index...then icai will compulsorily gives you those indices

Anirudh gupta

CA Inter

★ 24K+

19-Mar-23

*use

Anirudh gupta

CA Inter

★ 24K+

19-Mar-23

I understand what ur saying … however the indexes given in the second part can be applicable as the years are the same

Thread Starter

SANSKRITI BADRI 2111339

CA Inter

★ 2K+

19-Mar-23

May be for the second part they missed to include the indices...no worries but for the first part...u dont need to care about indices...apply the specific provision and you are good to go.

Anirudh gupta

CA Inter

★ 24K+

19-Mar-23

LTCG on listed shares of more than Rs 1 lakh is taxable at a rate of 10% but the benefit of indexation is not available. STT must be paid on such shares for the exemption - Sec 112A

sudha reddy

Moderator

20-Mar-23

Okay thank you

Thread Starter

SANSKRITI BADRI 2111339

CA Inter

★ 2K+

20-Mar-23