Hi!
In the AIS, the acquisition cost of my IPO allotted shares is shown as Zero. Shares were allotted and sold in Fy 2023-24. So STCG comes into picture.
I tried to provide a feedback and selected the option ‘information is not fully correct’.
I could input the cost (allotment price) of acquisition. But there were two other fields. 1. Unit FMV 2. FMV. Both the fields had "0’ values as default.
My question is, the shares weren’t acquired prior to (Not a case of LTCG or Grandfatheeing) 2018. So should I leave those two fields as it is? (With “0” as value?) Or should I input the cost of acquisition (allotment price) in the Unit FMV and then add the result obtained by multiplying the same with the number of shares to the FMV field?
I fear that if I leave those fields as “0”, entire sales proceeds would be taken as STCG.
Please guide.
Regards,