As per ICDS, the unlisted securities shall be valued at :

CS Executive · Tax Laws and Practice · PYQS · December 2019
As per ICDS, the unlisted securities shall be valued at :
(A) Initial cost
(B) Market price as on 31st March of the previous year
(C) Cost or market price, whichever is less
(D) Average of cost plus market price

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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