Question

R THE HEAD CAPITAL GAINS-
Page 11.35
PROBLEM:58 X holds 1,000 equity shares in A Ltd. since 1988 (cost of acquisition: 10,000, fair market
value on April 1, 2001: 14,000). A Ltd. offers 2,000 rights shares of 10 each to X on May 1, 2019 at
a premium of 50. X subscribes for 800 rights shares and renounces 1,200 shares in favor of C by
transferring the right entitlement for a consideration of 4,800. X sells 1,800 shares in A Ltd. on
March 30, 2020 @ 160 per share. STT not applicable as shares are transferred outside stock
exchange.
ANSWER:58 STCG-₹​

Answer 1

Answer:

it is not the question of English dear ☺.....