Cost of acquisition equal to original membership cost for equity shares allotted under corporatisation scheme. The amendment adds trade mark or brand name to goodwill for capital gains purposes and provides that equity shares allotted to a shareholder of a ... Summary
Cost of acquisition equal to original membership cost for equity shares allotted under corporatisation scheme.
The amendment adds trade mark or brand name to goodwill for capital gains purposes and provides that equity shares allotted to a shareholder of a recognised stock exchange under a corporatisation scheme shall have their cost of acquisition treated as the cost of the shareholder's original membership of the exchange.
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