Determination of cost of specified transfers u/s 49 - the transfer of an asset, being the asset held by a trust or an institution in respect of which accreted income 1.6.2016 (Retrospective)
3 February, 2017
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Deemed cost of acquisition set as fair market value where accreted income is taxed under Chapter XIIEB. Where capital gain arises from transfer of an asset held by a trust or institution for which accreted income has been computed and tax paid under Chapter ... Summary
Deemed cost of acquisition set as fair market value where accreted income is taxed under Chapter XIIEB.
Where capital gain arises from transfer of an asset held by a trust or institution for which accreted income has been computed and tax paid under Chapter XIIEB, the cost of acquisition of that asset shall be deemed to be the fair market value taken into account for computing accreted income as on the specified date referred to in sub section (2) of section 115TD.
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