WebIn case of a listed equity share or unit, the FMV means the highest price of such share or unit quoted on a recognised stock exchange on 31 January 2024. However, if there is no trading on 31 January 2024, the FMV will be the highest price quoted on a date immediately preceding 31 January 2024, on which it has been traded. WebAug 2, 2024 · FMV of shares can be used to calculate LTCG in specific cases (Photo: iStock) For the purpose of computation of LTCG, the actual cost can be replaced by FMV of the shares as on 31 January...
Your queries: Income Tax Consider FMV on Jan 31, 2024 as …
WebSep 28, 2024 · Fair Market Value as on 31st Jan 2024 or the Actual Selling Price whichever is lower Step 1 or Actual Purchase Price whichever is higher Long Term Capital Gain = Sales Value – Cost of Acquisition (as per grandfathering rule) – Transfer Expenses Tax Liability = 10% (LTCG – INR 1 lac) A Simple Example: WebFeb 14, 2024 · The FMV of that share as on January 31, 2024 was Rs 150. You then sold it on May 2, 2024 for Rs 200. The CoA will be calculated in the same way as it was done … biznes tour download
NAV of Mutual Funds on 31 Jan 2024 (FMV for ... - Stable Investor
WebInvestments in Equity Securities Manson Incorporated reported investments in equity securities of 60,495 as a current asset on its December 31, 2024, balance sheet. An analysis of Mansons investments on December 31, 2024, reveals the following: During 2024, the following transactions related to Mansons investments occurred: Required: 1. WebJan 31, 2024 · According to the rules, FMV is taken as the 'highest price' of that asset on any recognised stock exchange on January 31, 2024. This means that if an equity share … bizmate coaching