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capital gain tax

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Guest

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Guest (Querist)
15 December 2008 While Copmuting capital gain on Bonus share issued before 1981 we take fair value or original value on 1/4/1981 as its cost of acquisation,although it is free of cost.Is there any Logic.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
15 December 2008 Logic is the value before 1981 may be substantialy differ.So it become necessary to the rlue.

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