The Advisory Note Workbench
Kavita Shah sold shares and wants a filed position, not an estimate. Set your treatment on each line and watch the tax move. When you are ready, ask the reviewer.
The client file
- Asset
- 2,00,000 unlisted shares, Meridian Textiles Pvt Ltd
- How acquired
- Gift from her father on 1 June 2019. He bought them for ₹18,00,000 on 1 March 2017
- Sold
- 15 August 2026 for ₹42,00,000 to an unrelated buyer
- Valuer’s report
- Fair market value ₹47,00,000 at the sale date
- Reinvested
- ₹15,00,000 in a residential flat on 1 October 2026
- Brought forward
- ₹3,00,000 long-term loss. The prior-year assessment order is missing from the file
Your treatment
Full value of consideration
Which figure is the sale measured against?
Cost of acquisition
She received the shares as a gift.
Reinvestment in the flat
How much of the gain is exempt?
Brought-forward loss
₹3,00,000, with the assessment order still missing.
The computation
Tax at 12.5%, before surcharge and cess—