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of <h1>Amendment to Section 49: Cost of Acquisition for Certain Capital Gains Now Based on Fair Market Value</h1> Section 49 of the Income-tax Act has been amended by the Finance Act, 2018, effective April 1, 2019. A new sub-section (9) has been added, specifying that for capital gains arising from the transfer of certain capital assets mentioned in clause (via) of section 28, the cost of acquisition will be considered as the fair market value used for that clause's purposes.
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