When a capital asset was acquired on 01.04.1980 and sold in June, 2017 – McqOptions

MCQOPTIONS

1.	When a capital asset was acquired on 01.04.1980 and sold in June, 2017, the cost of acquisition or the fair market value of the asset as on ------, at the option of the assessee is to be adopted for indexation purpose:
A.	01.04.2011
B.	01.04.2001
C.	01.04.1991
D.	01.04.1981
Answer» C. 01.04.1991

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