https://www.taxtmi.com/acts?id=49518 Defines adjustments to cost of acquisition for capital gains on specified securities and demerged-share transfers. For the specified security under clause (2)(iiia) of section 17, cost of acquisition is the fair market value on exercise of the option. For demergers, the cost of acquisition of resulting company shares equals the proportion of the original share cost corresponding to the net book value of assets transferred relative to the demerged company's net worth immediately before demerger; the original share cost is deemed reduced by that apportioned amount. Net worth is the paid-up share capital plus general reserves per the demerged company's books immediately before demerger. en-us Sat, 22 Feb 2025 10:57:58 +0530 Sat, 22 Feb 2025 10:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49518 Defines adjustments to cost of acquisition for capital gains on specified securities and demerged-share transfers. For the specified security under clause (2)(iiia) of section 17, cost of acquisition is the fair market value on exercise of the option. For demergers, the cost of acquisition of resulting company shares equals the proportion of the original share cost corresponding to the net book value of assets transferred relative to the demerged company's net worth immediately before demerger; the original share cost is deemed reduced by that apportioned amount. Net worth is the paid-up share capital plus general reserves per the demerged company's books immediately before demerger. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:57:58 +0530 https://www.taxtmi.com/acts?id=49518