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of <h1>Understanding Cost of Acquisition: Direct Taxes Code 2010 Seventeenth Schedule on Shares, Partnerships, and Demergers Explained</h1> The Seventeenth Schedule of the Direct Taxes Code, 2010, outlines the determination of the cost of acquisition for various investment assets in specific scenarios. It addresses shares in amalgamated companies, transferable interests in partnerships, and shares or debentures acquired through transfers, purchases, or schemes of demerger. The cost is typically based on the original acquisition cost, adjusted for specific conditions such as demergers or conversions. For sweat equity shares, the fair market value is considered, while certain rights or shares acquired without payment have a cost of acquisition deemed as nil. The schedule also covers assets acquired under demutualisation schemes.
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