https://www.taxtmi.com/acts?id=11993 Determination of cost of acquisition sets rules for computing the cost base of investment assets depending on mode of acquisition. Generally the amount paid on purchase is the cost, with specific carryover or apportionment rules on amalgamation, conversion to LLP, and demerger (pro rata to net book value versus net worth). Allotments without payment and certain demutualised trading rights are nil cost; purchase of renounced rights aggregates amounts paid to the renouncer and to the issuer. Sweat equity cost equals the fair market value used for perquisite valuation. en-us Fri, 17 Sep 2010 12:48:23 +0530 Fri, 17 Sep 2010 14:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11993 Determination of cost of acquisition sets rules for computing the cost base of investment assets depending on mode of acquisition. Generally the amount paid on purchase is the cost, with specific carryover or apportionment rules on amalgamation, conversion to LLP, and demerger (pro rata to net book value versus net worth). Allotments without payment and certain demutualised trading rights are nil cost; purchase of renounced rights aggregates amounts paid to the renouncer and to the issuer. Sweat equity cost equals the fair market value used for perquisite valuation. Act-Rules Bills Fri, 17 Sep 2010 12:48:23 +0530 https://www.taxtmi.com/acts?id=11993