Hello
A unlisted private company allotted shares to a director at the time of incorporation 100 shares @ 10.
Further the said director purchased shares from other director 200 shares @ 500.
now he is selling 150 shares @ 700
in this case what will be cost of acquisition ??
500 or 10 ???
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How to calculate cost of shares of unlisted private company
Replies (2)
Cost for shares have to be taken on FIFO that is first in first out. in your case out of 150 shares, cost of 100 shares have to be taken as 10 and the cost of balance 50 shares have to be taken as 500
Unlisted company
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