investments
This query is : Resolved
08 September 2009
1. what is meant by the cost of acquisition of the shares?
2. why is nominal value of the shares, debentures always Rs.10/- or Rs.100/-?
2. why is nominal value of the shares, debentures always Rs.10/- or Rs.100/-?
08 September 2009
Cost of Acquisition means, the cost at which we actualy acquire from Share Market(For Shares) e.g. RIL @ 2014/- p.s so that would be the aquisition cost of that particular share.
The Nominal Value need not be Rs.10/- or Rs.100/- it could be any amount as stipulated by the company and approved by the Roc.
The Nominal Value need not be Rs.10/- or Rs.100/- it could be any amount as stipulated by the company and approved by the Roc.
10 September 2009
to add, cost of acquisition is the consideration paid in cash or money equivalent of the payment in kind added with directly attributable expenses related to the acquisition.
nominal value can be any amount except fraction of a rupee.
nominal value can be any amount except fraction of a rupee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
