https://www.taxtmi.com/acts?id=41201 A new deeming sub-section to section 49 treats the cost of acquisition of an Electronic Gold Receipt issued by a Vault Manager as the cost of the underlying gold for capital gains where the EGR is acquired by a specified transfer, and conversely treats the cost of gold released against an EGR as the cost of the EGR in the hands of the recipient, applying prospectively to the relevant assessment years. en-us Wed, 01 Feb 2023 15:38:45 +0530 Wed, 01 Feb 2023 15:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41201 A new deeming sub-section to section 49 treats the cost of acquisition of an Electronic Gold Receipt issued by a Vault Manager as the cost of the underlying gold for capital gains where the EGR is acquired by a specified transfer, and conversely treats the cost of gold released against an EGR as the cost of the EGR in the hands of the recipient, applying prospectively to the relevant assessment years. Act-Rules Bill Wed, 01 Feb 2023 15:38:45 +0530 https://www.taxtmi.com/acts?id=41201