500 equity shares purchase in 1970 @ 30 , bonus shares received 50 in 1980 fair market value of share in 1981 is 50. sold shares in 2014 @ 240.
will the bonus shares will be included in cost of acquisitions i.e.
cost of acquisitions is 550*50 *1024/100 or
500*50 *1024/50
CAclubindia
