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Cost of acquisition

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(Querist)
29 August 2012 The cost of acquisition of 100 bonus shares, where the original shares (100nos.) were acquired for Rs. 30,000/- is ..............

give the legal provision along with section reference
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srinath

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srinath (Expert)
29 August 2012 cost of bonus share is always NIL

Section 55 of income tax act

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