https://www.taxtmi.com/acts?id=48270 Amendment substitutes clause (a) of section 55(2) to define Cost of Acquisition for certain capital assets: for goodwill, tenancy rights, stage carriage permits and loom hours the purchase price is the cost if acquired by purchase and otherwise the cost is nil. It also defines cost rules for financial assets (shares and securities) conferring a subscription entitlement: original asset's cost is amount actually paid; renounced subscription rights are nil to the renouncer; subscribed assets' cost is amount actually paid; and a purchaser in whose favour the right was renounced takes cost equal to the aggregate of the amount paid to the renouncer and the amount paid to the issuer. en-us Thu, 30 Jan 2025 12:56:18 +0530 Thu, 30 Jan 2025 12:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48270 Amendment substitutes clause (a) of section 55(2) to define Cost of Acquisition for certain capital assets: for goodwill, tenancy rights, stage carriage permits and loom hours the purchase price is the cost if acquired by purchase and otherwise the cost is nil. It also defines cost rules for financial assets (shares and securities) conferring a subscription entitlement: original asset's cost is amount actually paid; renounced subscription rights are nil to the renouncer; subscribed assets' cost is amount actually paid; and a purchaser in whose favour the right was renounced takes cost equal to the aggregate of the amount paid to the renouncer and the amount paid to the issuer. Act-Rules F. Acts / Amendment Acts Thu, 30 Jan 2025 12:56:18 +0530 https://www.taxtmi.com/acts?id=48270