Cost of acquisition of securities held with depository is to be computed by —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Cost of acquisition of securities held with depository is to be computed by —
(A) Average cost method
(B) First in first out (FIFO) method
(C) Last in first out (LIFO) method
(D) Weighted average cost method.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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