Cost of transferred asset combines acquisition and improvement costs, with each component determined under applicable statutory cross-references. Cost of transferred asset is the aggregate of the cost of acquisition of the capital asset subject to transfer and the cost of any improvement to that ... Summary
Cost of transferred asset combines acquisition and improvement costs, with each component determined under applicable statutory cross-references.
Cost of transferred asset is the aggregate of the cost of acquisition of the capital asset subject to transfer and the cost of any improvement to that asset. Under the Income-tax Act, 2025, the definition applies only for section 341(9), with acquisition cost and improvement cost determined through specified cross-references. Under the Income-tax Act, 1961, Explanation (ii) to section 11(1A) similarly applies an aggregate-cost model using separate cross-references for acquisition cost and cost of improvement.
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