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Moneycontrol.com >> Message Board >> View Messages >> Reliance Comm
   You are here :     Moneycontrol     MMB    Stocks      Reliance Comm                         Most active discussions of 2006 , 2007 & 2008
Deemed cost of RCOM (5)   08-Jul-08 09:27Tracked by (1)  
Posted by:   subasu on ( 08-Jul-08 09:27 )
Price : BSE: Rs 419.80 ( -4.20 % ), NSE: Rs. 419.90 ( -3.86 % )
In my tax returns, I had shown the Reliance shares at full cost and the other shares at zero cost. All shares except Reliance were disposed of after one year. So, the entire sale proceeds were shown as capital gains and tax free.

RIL shares were disposed of within 1 year and became taxable as Short term gains. I paid 10% tax on that amount.

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