Cost definition for reinvestment clarifies eligible amount is the investment made from capital gains into the specified asset. Cost for a long-term specified asset is the amount invested in that specified asset out of capital gains received or accruing from the transfer of the original asset, thereby limiting the eligible reinvestment to sums derived from those capital gains.
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 definition for reinvestment clarifies eligible amount is the investment made from capital gains into the specified asset.
Cost for a long-term specified asset is the amount invested in that specified asset out of capital gains received or accruing from the transfer of the original asset, thereby limiting the eligible reinvestment to sums derived from those capital gains.
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