https://www.taxtmi.com/acts?id=38261 The amendment provides that for land or building (or both) referenced in sub clauses (i) and (ii), the fair market value as on 1 April 2001 used for cost of acquisition cannot exceed the stamp duty value of the asset where available; "stamp duty value" means the value adopted, assessed or assessable by any Central or State Government authority for stamp duty purposes. The proviso is inserted into clause (b) of section 55(2) and takes effect from 1 April 2021. en-us Sat, 01 Feb 2020 16:30:18 +0530 Sat, 01 Feb 2020 16:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38261 The amendment provides that for land or building (or both) referenced in sub clauses (i) and (ii), the fair market value as on 1 April 2001 used for cost of acquisition cannot exceed the stamp duty value of the asset where available; "stamp duty value" means the value adopted, assessed or assessable by any Central or State Government authority for stamp duty purposes. The proviso is inserted into clause (b) of section 55(2) and takes effect from 1 April 2021. Act-Rules Bill Sat, 01 Feb 2020 16:30:18 +0530 https://www.taxtmi.com/acts?id=38261