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of <h1>Finance Bill 2014 Amends Income-tax Act: New Rules for Business Trusts' Capital Asset Acquisition Cost in Section 49</h1> Clause 20 of the Finance (No. 2) Bill, 2014 amends section 49 of the Income-tax Act to address the cost of acquisition for certain capital assets. Specifically, it introduces sub-section (2AC), effective from April 1, 2015, stating that if a capital asset, being a unit of a business trust, is acquired through a transfer mentioned in section 47 clause (xvii), its acquisition cost will be deemed equivalent to that of the related share. This amendment applies to the assessment year 2015-16 and subsequent years.
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