https://www.taxtmi.com/acts?id=23541 The amendment advances the cut off date for determining cost of acquisition and cost of improvement of long term capital assets so that, for assets acquired before the new cut off, cost of acquisition is taken as the asset's value on that cut off date (at the assessee's option) and cost of improvement is recognised only for improvements after that cut off date, affecting computation of capital gains for the relevant assessment years. en-us Wed, 01 Feb 2017 17:47:29 +0530 Wed, 01 Feb 2017 17:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23541 The amendment advances the cut off date for determining cost of acquisition and cost of improvement of long term capital assets so that, for assets acquired before the new cut off, cost of acquisition is taken as the asset's value on that cut off date (at the assessee's option) and cost of improvement is recognised only for improvements after that cut off date, affecting computation of capital gains for the relevant assessment years. Act-Rules Bill Wed, 01 Feb 2017 17:47:29 +0530 https://www.taxtmi.com/acts?id=23541