For income tax purposes, unrealized gain loss will be recognized for reporting a Automatically at the end of the financial year b Only if the securities are liquidated and realized c As and when, dep...

Question

For income tax purposes, unrealized gain loss will be recognized for reporting a Automatically at the end of the financial year b Only if the securities are liquidated and realized c As and when, depending upon the corporate action d None of the above ...

Accepted Answer

The Answer is in the image, click to view ...

For income tax purposes, unrealized gain/loss will be recognized for reporting a. Automatically at the end of

Question:

Step by Step Answer:

Accounting For Investments Equities Futures And Options Volume 1