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of <h1>Clause 73 in Income Tax Bill 2025 outlines acquisition cost rules for gifts, inheritance, and business reorganizations.</h1> Clause 73 of the Income Tax Bill, 2025, defines the cost of acquisition for various capital assets acquired through specific modes such as gifts, inheritance, company liquidation, or trust transfers. The cost is generally based on the original acquisition cost by the previous owner, adjusted for improvements. The clause details specific rules for assets like shares in amalgamated companies, mutual fund units, business trust units, and assets involved in demergers or business reorganizations. It also includes provisions for assets acquired through schemes like the Income Declaration Scheme, and for specific assets like Electronic Gold Receipts.
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