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        F. Acts / Amendment Acts

        Section 19 - Amendment of section 49

        Finance Act, 2018
        Chapter III
        DIRECT TAXES - Income-tax

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        Deemed cost of acquisition set as fair market value for certain capital assets, affecting computation of capital gains. An amendment deems the cost of acquisition of specified capital assets to be the fair market value taken into account under the related provision, thereby fixing the cost basis for computation of capital gains arising from transfer of those assets.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Deemed cost of acquisition set as fair market value for certain capital assets, affecting computation of capital gains.

                                An amendment deems the cost of acquisition of specified capital assets to be the fair market value taken into account under the related provision, thereby fixing the cost basis for computation of capital gains arising from transfer of those assets.


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