WebJan 8, 2024 · The Fair Market Value of the share as on 31st January was 700 Now, in this case, the gain will be calculated as follows, Exempt= FMV as on 31st January 2024 (Assumed Sale Price) - Purchase Price = 700 - 500 = 200 Therefore, the gain of Rs. 200 is exempt from tax. Let's calculate the taxable value, Taxable = Sale Price - FMV as on … WebApr 1, 2024 · Why do you need the mutual fund NAVs of 31 st January 2024?. Or as it is called as the Fair Market Value (FMV) of Mutual Fund NAV as on 31st Jnuary 2024.. Its …
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