Cost of acquisition set as fair market value for specified securities and sweat equity shares, altering capital gains computation. The substituted provision provides that where capital gain arises from transfer of specified securities or sweat equity shares accounted for as a perquisite, the cost of acquisition shall be the fair market value taken into account for computing that perquisite, thereby aligning the capital gains basis with the value previously imputed for employee compensation and applying prospectively from the stated effective date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost of acquisition set as fair market value for specified securities and sweat equity shares, altering capital gains computation.
The substituted provision provides that where capital gain arises from transfer of specified securities or sweat equity shares accounted for as a perquisite, the cost of acquisition shall be the fair market value taken into account for computing that perquisite, thereby aligning the capital gains basis with the value previously imputed for employee compensation and applying prospectively from the stated effective date.
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