Very old shares sold in year 2019 , cost of acquisition is not known .. shares are very old exact year of purchase is not known it may be period of 1990 to 1993. What to do while filing ITR 2
What to do with cost of acquisition
Audit Executive (B.Com) (53 Points)
13 September 2020Very old shares sold in year 2019 , cost of acquisition is not known .. shares are very old exact year of purchase is not known it may be period of 1990 to 1993. What to do while filing ITR 2
What to do with cost of acquisition
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 13 September 2020
Cost of acquisition or fair market value as on 01.04.2001 whichever is more beneficial is to be taken as cost of acquisition.
CA Raj Doshi
(Practising CA)
(8723 Points)
Replied 14 September 2020
Aman Verma
(209 Points)
Replied 14 September 2020
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