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
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Capital gain on share
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Quick Summary
Cost of acquisition or fair market value as on 01.04.2001 whichever is more beneficial is to be taken as cost of acquisition.
How to know FMV of these share
Take the High Figure on 01.04.2001. Go to NSE --- Search for scrip - Go to Archives
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E :raj @ rcdco.in
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E :raj @ rcdco.in
FMV as on 1.4.2001 as on date of purchase which ever is higher shall be taken as COA see BSE website for earlier price.
Indexation will apply taking 2001 as base year
Indexation will apply taking 2001 as base year
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