https://www.taxtmi.com/acts?id=10830 Cost of improvement comprises capital expenditures on additions or alterations to an investment asset incurred by the owner or, when applicable, by a previous owner under special acquisition modes. If acquisition cost is taken as fair market value at the reference date, improvement expenditures incurred before that date are excluded. The cost of improvement is nil for self-generated assets, where improvement cost cannot be determined, and for undertakings transferred in a slump sale. en-us Thu, 20 Aug 2009 12:14:19 +0530 Thu, 20 Aug 2009 12:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10830 Cost of improvement comprises capital expenditures on additions or alterations to an investment asset incurred by the owner or, when applicable, by a previous owner under special acquisition modes. If acquisition cost is taken as fair market value at the reference date, improvement expenditures incurred before that date are excluded. The cost of improvement is nil for self-generated assets, where improvement cost cannot be determined, and for undertakings transferred in a slump sale. Act-Rules Bills Thu, 20 Aug 2009 12:14:19 +0530 https://www.taxtmi.com/acts?id=10830