Hey @knight
Let me answer to your queries one by one:-
-
In the case of a stock split, the acquisition cost should be adjusted
accordingly. For example, if you originally purchased 100 shares at ₹1,000
each (total ₹1,00,000), and the stock undergoes a 1:10 split, you’ll now hold
1,000 shares at ₹100 each. Both the acquisition and sale should be
reported using these post-split figures - i.e., acquisition cost: ₹1,00,000
(1,000 shares × ₹100), and sale proceeds: ₹1,00,000 (1,000 shares × ₹100). -
Since you are required to report details of unlisted equity shares if you have
held them at any time during the financial year, the acquisition must be
disclosed even if the shares were subsequently listed. Therefore, the
purchase transaction should be reported in the ITR. -
Short-term capital losses from unlisted shares can be set off against short-
term capital gains from listed shares.
Hope this helps!