https://www.taxtmi.com/acts?id=21154 Where capital gain arises from transfer of an asset declared under the Income Declaration Scheme, 2016, and tax, surcharge and penalty have been paid under the Scheme on the fair market value as on the Scheme's commencement, the cost of acquisition of the asset shall be deemed to be the fair market value taken into account for the purposes of the Scheme. en-us Fri, 06 May 2016 16:30:08 +0530 Fri, 06 May 2016 16:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21154 Where capital gain arises from transfer of an asset declared under the Income Declaration Scheme, 2016, and tax, surcharge and penalty have been paid under the Scheme on the fair market value as on the Scheme's commencement, the cost of acquisition of the asset shall be deemed to be the fair market value taken into account for the purposes of the Scheme. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:30:08 +0530 https://www.taxtmi.com/acts?id=21154