I am Super Senior VETERAN, DOR 01 SEPT 1998. I have been filing my ITR regularly.
2) I shall appreciate your help to calculate Profit/Loss on Share/M.F Txt.
3) I have redeemed Tata Infrastructure Fund Folio No. 142726 , Qty 1496 units, Amt Rs.38473/ Dt 23/11/2020.
4) My Purchase was a) 489.939 units at Rs 10000/- Dt.01/03/2007b) Units 1069.68 at Rs 30000/- @28.05 Dt.23/01/2008
5) PLZ Calculate LTCG/LOSS. Also let me know if Purchase NAV will be based on NAV 31ST JAN 2018.
6) For Share Txt of VEDANTA QTY 210 Sell & L&T QTY 5 Sell, I will give details on receipt of your comment on Tata M.F. Redemption.
Ans: Grandfathering would be applicable for you while computing the capital gains for Tata Infrastructure Fund. The Cost of Acquisition to be considered would be the higher of:
(i) Cost of Acquisition of the asset and
(ii) Lower of:
- Fair market value of the asset as on January 31, 2018 and
- Full value of consideration received / receivable on transfer of the capital asset.
The computation for the same is tabulated below. I had assumed it is under dividend mode based on the NAVs provided:
| Capital Gains Computation |
| Sl No | Description | Date | Units | NAV | Amount |
| 1 | Sales Consideration | 23-11-2020 | 489.939 | 25.717246 | 12,600 |
| Purchase 1 | 01-03-2007 | 489.939 | 20.410704 | 10,000 |
| Cost of Acquisition - on FMV | 31-01-2018 | 489.939 | 32.27 | 15,810 |
| As per grandfathering principle - COA | | 12,600 |
| 2 | Sales Consideration | 23-11-2020 | 1006.061 | 25.717246 | 25,873 |
| Purchase 2 | 23-01-2008 | 1006.061 | 28.045771 | 28,216 |
| Cost of Acquisition - on FMV | 31-01-2018 | 1006.061 | 32.27 | 32,466 |
| As per grandfathering principle - COA | | 28,216 |
| | Long Term Capital Loss | -2,343 |
