Monday, 12 July 2010
Wednesday, 7 July 2010
Saturday, 3 July 2010
Six Tata Steel preference shares (FV Rs 100 each x 6 = Rs 600) were converted into one equity shares on 01 Sep 2009 by Tata Steel @ Rs. 417.10 (Equity Share closing price on 01 Sep 2009). Earlier the preference shares were alloted on 22 Jan 2008. Thus there is long term capital loss of Rs. Rs 600 - 417.10 = 182.90. Since this was done off market, no STT was paid.
Is it right to consider this loss for offsetting against LT gain from Debt Mutual Funds ( where no STT was paid)?
- Vinayak Bapat