Capital gains - Consideration for shares
This query is : Resolved
02 December 2010
What will be the cost of acquisition for shares alloted for consideration other than cash?
02 December 2010
The cost recorded in the books of accounts of the company which is generally the market value of assests surrendered in lieu of shares of the company.
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03 December 2010
The value of shares allotted in lieu of shares surrendered shall be deemed to be the cost of acquisition at the time of sales of Such shares
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