Cost of transferred asset is determined by acquisition cost and qualifying improvement cost for capital asset transfers. Cost of transferred asset for purposes of section 341(9) of the Income-tax Act, 2025 comprises the aggregate cost of acquisition of the capital asset ... Summary
Cost of transferred asset is determined by acquisition cost and qualifying improvement cost for capital asset transfers.
Cost of transferred asset for purposes of section 341(9) of the Income-tax Act, 2025 comprises the aggregate cost of acquisition of the capital asset transferred, determined under sections 72 and 73, and the cost of improvement as defined in section 90(1)(b). The computation connects transfer cost with statutory rules for ascertaining acquisition cost and qualifying improvements.
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