Welcome to Monday Corner, an initiative from Tax Publishers…

Quiz for the week (22 Jul 2024) :

Eshwar a resident individual (age 45) purchased 12,000 equity shares of ABC &Co Ltd for Rs.600 per share in July,2023. The company declared in August 2023 bonus share of 1 share for every 2 shares held. The record date for allotment of bonus shares was 31st August, 2023. He sold 15,000 equity shares in April,2024 for Rs.380 per share. For both purchase and sale of shares STT was paid. Compute the taxable capital gain of Eshwar for the above transactions.

Kindly mail your answers on or before 29th July, 2024.

Email your reply at quiz.taxpub@gmail.com