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of <h1>Finance Bill 2017 amends Section 49 of Income-tax Act: New rules for capital asset acquisition costs.</h1> The amendment to section 49 of the Income-tax Act, as proposed in Clause 25 of the Finance Bill, 2017, introduces several changes regarding the cost of acquisition for capital assets. It includes new provisions for equity shares acquired through certain transfers, units in mutual fund schemes, and specified capital assets under the Land Pooling Scheme. The amendments define 'stamp duty value' and adjust acquisition costs for assets transferred by trusts or institutions. These changes apply to various assessment years, with some amendments effective from April 1, 2018, and others retrospectively from June 1, 2016.
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