Blog ; Please Recheck this Independently , also
MESSAGE
In the budget 2018 the then Finance Minister while
bringing long term capital gain to tax net, excluded long term capital
gain till 31/01/2018 tax free. For this purpose, he introduced Fair
Market Value (FMV) as at 31/01/2018 is to be taken as cost in case of
unlisted shares .
Otherwise,
inflation indexing of the cost of buying is to be considered as cost
and that will result in huge tax at 20% on LTCG. Indexing share value
is absurd in the first place as value of equity shares, listed or
unlisted, does not depend on cost of inflation but on other factors
like performance etc.
Therefore the FMV becomes very important for those who are selling Digvijay Finlease Ltd / any other Unlisted share .
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