Shares valuation as on 31.03.2008
This query is : Resolved
22 August 2008
in case of person dealing in shares regularly the profit or gains is treated as business income. Can i value stock holding as on 31.3.2008 taking market value as on 31.3.2008 The purchase cost is higher
01 September 2008
Yes, AS2 is not applicable and the method once adopted is supposed to be followed consistently.
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