What will be the date of acquisition of shares in the following example.
A purchases shares of a listed Co,off market, on 25th March 2011 vide sale bill dated 25th March 2011, and issues a cheque dated 30th March 2011.The cheque gets cleared on 29th April 2011 and the shares come to his D’mat account on 30th April 2011.
Whether the date of acquisition will be 25th march ,30th March,29th April or 30Th April
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