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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Cost of acquisition of an investment asset

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Full Text of the Document

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....e asset, or     (b) at the option of the person, the fair market value of the asset on the 1st day of April, 2000, if the asset is acquired by the person before such date. (2) The cost of acquisition of an investment asset specified in column 2 of the Seventeenth Schedule, acquired by the mode specified in column 3 of the said Schedule, shall be the cost specified in column 4 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

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....nt as appearing in the books of account of the unincorporated body on the date of distribution;   B = any amount attributable to the change in the value of the bundle on account of revaluation of the bundle, if any, up to the date of distribution; and   C = the cost of acquisition of any other asset, if any, forming part of the bundle acquired by the participant, ....

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