https://www.taxtmi.com/acts?id=51000 Special provision modifies sections 48 and 49 for assets forming part of a depreciable block: if aggregate consideration from transfers of assets in the block during the previous year exceeds transfer expenses, the block's written down value at the beginning of the year, and the actual cost of assets acquired in the year, the excess is deemed short-term capital gains. If a block ceases to exist because all its assets are transferred, the cost of acquisition of the block is the written down value at the beginning of the year increased by actual cost of assets acquired that year, and income from such transfers is deemed short-term capital gains. en-us Fri, 18 Apr 2025 17:46:19 +0530 Fri, 18 Apr 2025 17:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51000 Special provision modifies sections 48 and 49 for assets forming part of a depreciable block: if aggregate consideration from transfers of assets in the block during the previous year exceeds transfer expenses, the block's written down value at the beginning of the year, and the actual cost of assets acquired in the year, the excess is deemed short-term capital gains. If a block ceases to exist because all its assets are transferred, the cost of acquisition of the block is the written down value at the beginning of the year increased by actual cost of assets acquired that year, and income from such transfers is deemed short-term capital gains. Act-Rules F. Acts / Amendment Acts Fri, 18 Apr 2025 17:46:19 +0530 https://www.taxtmi.com/acts?id=51000