https://www.taxtmi.com/highlights?id=27590 Amendment of section 55. - the cost of improvement in relation to a capital asset, being goodwill of a business or a right to manufacture, produce or process any article or thing or right to carry on any business, shall be taken to be nil. - It is proposed to amend the said sub-clause (1) of clause (b) of sub-section (1) and clause (a) of sub-section (2) of the said section so as to include the right to carry on the profession also under its scope. en-us Tue, 01 Mar 2016 13:09:30 +0530 Tue, 01 Mar 2016 13:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27590 Amendment of section 55. - the cost of improvement in relation to a capital asset, being goodwill of a business or a right to manufacture, produce or process any article or thing or right to carry on any business, shall be taken to be nil. - It is proposed to amend the said sub-clause (1) of clause (b) of sub-section (1) and clause (a) of sub-section (2) of the said section so as to include the right to carry on the profession also under its scope. Highlights Bill Tue, 01 Mar 2016 13:09:30 +0530 https://www.taxtmi.com/highlights?id=27590