Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How to compute long term capital gain?

April 26, 2017Capital compute gain society of cpas sporti shqiptar state board of accountancy term wirc work accountants works accountants

0

Posted

How to compute long term capital gain?

2 Answers

0

Posted

The long term gain or loss on sale of shares which you have classified as long term asset can be calculated as below: Sale consideration received on sale of shares Deduct: Cost of acquisition of the shares Expenditure incurred wholly and exclusively in connection with the sale of such shares

0

Posted

Long term capital gain is computed as follows :Consideration amount received less Indexed cost of acquisition and the balance is longterm capital gain.We want to calculate capital gain tax at a rate of 20%.The purchase day should be included from the date of transfer.