X acquires 1,00,000 equity shares on 10.1.2018 for ₹ 80 per share and sold them for ₹ 95 per share. The FMV of asset on date of transfer is ₹ 98 Find the amount taxable u /s 112 A. STT was paid at the time of purchase and sale of shares. Indexed cost of acquisition may be taken as 82,35,295.
A. ₹ 15,00,000 being LTCG, ₹ 14,00,000 will be taxable @ 10%.
B. As equity shares are acquired before 1.2.2018 LTCG of 15 lac will taxable @ 20%.
C. LTCG taxable ₹ 12,64,705 (95,00,GOO- 82,35,295)
D. Nil.
Answer:D
X acquires 1,00,000 equity shares on 10.1.2018 for ₹ 80 per share and sold them for ₹ 95 per share. The FMV of asset on date of transfer is ₹ 98 Find the amount taxable u /s 112 A. STT was paid at the time of purchase and sale of shares. Indexed cost of acquisition may be taken as 82,35,295.
A. ₹ 15,00,000 being LTCG, ₹ 14,00,000 will be taxable @ 10%. B. As equity shares are acquired before 1.2.2018 LTCG of 15 lac will taxable @ 20%. C. LTCG taxable ₹ 12,64,705 (95,00,GOO- 82,35,295) D. Nil.