Deemed cost of acquisition set as fair market value for certain capital assets, affecting computation of capital gains. An amendment deems the cost of acquisition of specified capital assets to be the fair market value taken into account under the related provision, thereby ... Summary
Deemed cost of acquisition set as fair market value for certain capital assets, affecting computation of capital gains.
An amendment deems the cost of acquisition of specified capital assets to be the fair market value taken into account under the related provision, thereby fixing the cost basis for computation of capital gains arising from transfer of those assets.
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