As per section 49 (2AA), where the capital gain arise from the transfer of specified security or sweat equity shares referred to in section 17(2)(vi), the cost of acquisition of such security or shares shall be the _____

CS Executive · Tax Laws and Practice · PYQS · June 2021
As per section 49 (2AA), where the capital gain arise from the transfer of specified security or sweat equity shares referred to in section 17(2)(vi), the cost of acquisition of such security or shares shall be the __________ which has been taken into account for perquisite valuation.
(A) Fair market value
(B) Cost price
(C) Cost or Market price, whichever is higher
(D) Cost or Market price, whichever is lower

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic