Cost of Acquisition IPO cases
CRR RR (1 Points)
03 November 2024Could some one please advise Cost of Acquisition in case of Shares which were alloted in IPO for computing capital gain purpose
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 03 November 2024
The Cost of Acquisition (COA) in the case of shares allotted in an IPO for computing capital gain purposes is considered to be the issue price plus any additional costs incurred at the time of its allotment.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India