TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Determining Asset Acquisition Costs: Purchase Price, Fair Market Value, or Special Modes Defined by Seventeenth Schedule.</h1> The cost of acquisition for an investment asset is generally the purchase price or, if acquired before April 1, 2000, the fair market value on that date. For assets listed in the Seventeenth Schedule, the acquisition cost is as specified therein. If acquired through special modes, the cost is either the previous owner's acquisition cost or the fair market value on April 1, 2000. For assets received upon retirement from an unincorporated body, the cost is determined by a specific formula. Assets acquired through self-generation or where the cost cannot be determined have a nil acquisition cost. The Board may prescribe methods for determining acquisition costs.
TaxTMI 
TaxTMI 
