Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 49: New Sub-section 2AA Clarifies Cost of Acquisition for Capital Gains on Certain Financial Instruments.</h1> Section 49 of the Income-tax Act is amended by inserting sub-section (2AA). This addition specifies that when capital gains arise from the transfer of shares, debentures, or warrants, whose value was considered in computing the value of perquisites under section 17(2), the cost of acquisition for these financial instruments shall be the value determined under that clause. This amendment aims to clarify the calculation method for the cost of acquisition in such cases.
TaxTMI 
TaxTMI 
