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of <h1>Amendment to Section 49: New Rules for Cost of Acquisition in Capital Gains from Securities and Demerger Shares</h1> Section 49 of the Income-tax Act is amended to include new sub-sections effective from April 1, 2000. Sub-section (2B) specifies that the cost of acquisition for capital gains from certain securities is their fair market value at the option exercise date. Sub-section (2C) determines the acquisition cost of shares in a resulting company during a demerger based on the proportionate net book value of transferred assets to the demerged company's net worth. Sub-section (2D) adjusts the acquisition cost of original shares in the demerged company by the amount calculated under sub-section (2C). 'Net worth' is defined as the sum of paid-up share capital and general reserves.
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