https://www.taxtmi.com/acts?id=18648 The Bill inserts a proviso to section 51 to provide that where a sum received as an advance in negotiations for transfer of a capital asset has been included in the assessee's total income under income inclusion provisions in an earlier year, that sum shall not be deducted from the cost for which the asset was acquired, the written down value, or the fair market value when computing cost of acquisition. en-us Fri, 11 Jul 2014 15:51:11 +0530 Fri, 11 Jul 2014 15:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18648 The Bill inserts a proviso to section 51 to provide that where a sum received as an advance in negotiations for transfer of a capital asset has been included in the assessee's total income under income inclusion provisions in an earlier year, that sum shall not be deducted from the cost for which the asset was acquired, the written down value, or the fair market value when computing cost of acquisition. Act-Rules Bills Fri, 11 Jul 2014 15:51:11 +0530 https://www.taxtmi.com/acts?id=18648