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of <h1>Section 51 Amended: Advance Sums in Income Under Section 56(2)(ix) Not Deducted from Asset Acquisition Cost.</h1> Section 51 of the Income-tax Act is amended to include a proviso effective from April 1, 2015. It states that if any sum received as an advance during negotiations for transferring a capital asset has been included in the assessee's total income under section 56(2)(ix) for a previous year, this sum should not be deducted from the cost of acquisition, written down value, or fair market value when computing the cost of acquisition of the asset.
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