Cost of Acquisition & Improvement

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....process any article or thing * Right to carry on any business or profession or "any other right" [Inserted vide Amendment as per FA, 2023] In relation to other capital assets Where the capital asset is acquired by the assessee or the previous owner before 01.04.2001 means all expenditure of capital nature on improvement by the assessee and the previous owner "COST OF ACQUISIT....

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.... right [Inserted vide Amendment as per FA, 2023 w.e.f 01st April 2024] purchased from previous owner shall be the Purchase price and in any other case shall be Nil. Note 1: Cost of acquisition of self-generated assets other than those mentioned in Section 55, is indeterminate. Therefore no capital gains shall arise e.g. on sale of spontaneously grown trees, goodwill of profession etc. Note 2: Th....

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.... cost of acquisition of such asset, and * The lower of :- * (i) the fair market value of such assets; and * (ii) the full value of consideration received or accruing as a result of the transfer of the capital asset (C) In relation to other capital assets 1. Where the capital asset is acquired by the assessee or the previous owner before 1.4.2001 * Cost of acquisition to the assessee o....