capital gain ( FMV AS ON 1-4-1981 )

This query is : Resolved

bhatia (Querist)
Follow

21 November 2009 Hi
I have a query regarding Fmv as on 1-4-1981. I want to sell my share which were provided my company at Rs 10 before 1981 . Now at the time of sale i want to take the fmv as on 1981 ,but i have two market value .One of bombay stock exchange Rs 16 and one of Delhi Stock exchange Rs 12.50.Which value i can take for cost of acquisition.Pls reply asap.

CA Balram Sharma

CA Balram Sharma (Expert)
Follow

21 November 2009 you can take rs.16.

bhatia

bhatia (Querist)
Follow

21 November 2009 why can,t i take 12.50 ,is there any clarification about this.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

21 November 2009 you can choose which are is more benifitual for you , that is Rs.16 . you can choose Rs,12.50 also, its depands choose of yours.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

jagadheswar goud

ANUPAMA L KANT

Krishnan V

jayaraman

vijai gupta

Subscribe Now

capital gain ( FMV AS ON 1-4-1981 )

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA