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>Income-tax Act Section 49 Amended: New Rules for Non-Resident Assessees and Mutual Fund Unit Acquisition Costs.</h1> Section 49 of the Income-tax Act was amended by the Finance Act, 2015, effective April 1, 2016. In sub-section (1), clause (iii), sub-clause (e), additional clauses were included for clarity. A new sub-section (2ABB) was added, specifying that for non-resident assessees acquiring company shares through redemption of Global Depository Receipts, the acquisition cost is the market price on the redemption request date. Another sub-section (2AD) was introduced, stating that for mutual fund units acquired through certain transfers, the acquisition cost is the cost of the original mutual fund units.
TaxTMI 
TaxTMI 
