I heard this from my friends and I’m not sure about it, so asking this question here for experts views.
I’ve bought xyz company stock at price 100 of a quantity 1000 and that comes to Rs. 100000. After couple of months that stock price is at 110 and it is split to two now. Now I’ve 2000 shares at price 55. Now I sell 1000 shares at 55 which is Rs. 55000. So, in all I got 45000 loss (100000-55000).
Is this valid? Can I show that I made loss of 45000 in this current financial year while submitting the IT returns?