Hi,
Under the new LTCG Tax,
Suppose a stock was purchased on 1-Dec-2016 for Rs.100. On 31-Jan-2018 the high price was Rs.50.
Now if we sell it on 15-Feb-2019 what will be considered cost price 50 or 100?
Tax is on Profits earned, not on your capital invested.
In the eg. you mentioned, sell at 100 still is amounting to the capital invested.
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Ok let me clarify.
Suppose I sell it for 200 in Feb 2019.
Then what will be considered cost price?
