Cost of acquisition and improvement rules set the capital gains basis for goodwill, securities, and pre-2001 assets. Defines the concepts of cost of improvement and cost of acquisition for capital gains purposes, with specific rules for goodwill, intangible assets, rights, and other capital assets. It also lays down special acquisition rules for additional financial assets, long-term equity shares and similar units, fair market value options for assets held before 1 April 2001, stamp duty value limits for land or building, predecessor-cost rules where cost cannot be ascertained, and demutualisation or corporatisation treatment for recognised stock exchange memberships.
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.
Cost of acquisition and improvement rules set the capital gains basis for goodwill, securities, and pre-2001 assets.
Defines the concepts of cost of improvement and cost of acquisition for capital gains purposes, with specific rules for goodwill, intangible assets, rights, and other capital assets. It also lays down special acquisition rules for additional financial assets, long-term equity shares and similar units, fair market value options for assets held before 1 April 2001, stamp duty value limits for land or building, predecessor-cost rules where cost cannot be ascertained, and demutualisation or corporatisation treatment for recognised stock exchange memberships.
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