Recent Changes from Financial Year 2018-19 in computationof Long Term Capital Gain on Equity and Equity oriented and Equity oriented fund

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The cost of acquisitions of equity  and equity oriented fund acquired by the taxpayer before 1st February 2018, shall be deemed to be the higher of following:

 a)  The actual cost of acquisition of such asset; or

 b)  Fair market value or actual sales consideration whichever is lower.

The Fair market value of equity share shall mean its highest price quoted on the stock exchange on January 31, 2018. 

While in case of units which are not listed on recognized stock exchange, the net asset value of such units as on January 31, 2018 shall be deemed to be its FMV.

 some examples.

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