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of <h1>Section 49 Amendment: New Rules for Cost of Acquisition on Shares and Debentures Acquired via Certain Transfers.</h1> Section 49 of the Income-tax Act is amended by substituting sub-section (2A). The new provision specifies that when a capital asset, such as a share or debenture of a company, is acquired by an assessee through a transfer mentioned in clause (x) or clause (xa) of section 47, the cost of acquisition for the assessee will be considered as the portion of the cost of the debenture, debenture-stock, bond, or deposit certificate related to the acquired asset.
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