Cost of acquisition rules fix fair market value for certain securities and deem prior receipt-valued property as acquisition cost. Amendment provides that for transfers of specified securities or sweat equity shares, the cost of acquisition shall be the fair market value taken into ... Summary
Cost of acquisition rules fix fair market value for certain securities and deem prior receipt-valued property as acquisition cost.
Amendment provides that for transfers of specified securities or sweat equity shares, the cost of acquisition shall be the fair market value taken into account for employment-related valuation; and where a property's value was taxed under the receipt-valuation rule, the cost of acquisition shall be deemed to be that value for capital gains computation.
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