Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  5. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  8. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 TMI Notes - Adv. Search
    Act Rules Bills
    Legislative Continuity and Change in Tax Treatment of Specified Articles : SCHEDULE-XIII of the Inco...
    Act Rules Bills
    Statutory Classification of Minerals under Indian Income Tax Law : SCHEDULE-XII of the Income Tax Bi...
    Act Rules Bills
    Modernising Provident, Superannuation, and Gratuity Fund Regulation and Taxation : SCHEDULE-XI of th...
    Act Rules Bills
    Practical Perspectives on Insurance Business Taxation in India : SCHEDULE-XIV of Income Tax Bill, 20...
    Act Rules Bills
    Transitional Powers and Executive Discretion in Indian Tax Statutes : Clause 535 of the Income Tax B...
    Act Rules Bills
    The Jurisprudence of Repeal and Savings in Indian Income Tax Law : Clause 536 of the Income Tax Bill...
    Act Rules Bills
    Legislative Scrutiny of Delegated Legislation in Indian Tax Law : Clause 534 of the Income Tax Bill,...
    Act Rules Bills
    Rule-Making Powers under Indian Income Tax Law : Clause 533 of the Income Tax Bill, 2025 Vs. Section...
    Act Rules Bills
    The Legal Evolution of Tax Exemptions for Union Territories : Clause 531 of the Income Tax Bill, 202...
    Act Rules Bills
    Evolution and Analysis of Interim Tax Charging Provisions : Clause 530 of the Income Tax Bill, 2025 ...
    Act Rules Bills
    Evolution of Executive Scheme-Making Powers in Indian Income Tax Law : Clause 532 of the Income Tax ...
    Act Rules Bills
    Withdrawal of Statutory Approvals under Indian Income Tax Law : Clause 529 of the Income Tax Bill, 2...
    Act Rules Bills
    Legal Perspectives on Condonation of Delay in Income Tax Approvals : Clause 528 of Income Tax Bill, ...
    Act Rules Bills
    Executive Discretion and Tax Incentives in India's Mineral Oil Sector : Clause 527 of the Income Tax...
    Act Rules Bills
    Immunity and Jurisdictional Bar in Tax Administration : Clause 526 of the Income Tax Bill, 2025 Vs. ...
    Act Rules Bills
    Authorisation and Assessment in Multi-Person Search Cases : Clause 525 of the Income Tax Bill, 2025 ...
    Act Rules Bills
    Rebuttable Presumptions in Tax Searches : Clause 524 of the Income Tax Bill, 2025 Vs. Section 292C o...
    Act Rules Bills
    Deeming Service of Notice in Tax Proceedings Under Income Tax Law : Clause 523 of the Income Tax Bil...
    Act Rules Bills
    Technicalities vs. Substantive Justice : Clause 522 of the Income Tax Bill, 2025 Vs. Section 292B of...
    Act Rules Bills
    Exclusion of Probationary Relief for Tax Offenders : Clause 521 of the Income Tax Bill, 2025 Vs. Sec...

Are you sure you want to delete "My most important" ?

NOTE:

Back

All TMI Notes

Showing Results for : Law : All
Reset Filters
Showing
Records
ExpandCollapse
    Back

    All TMI Notes

    Showing Results for : Law : AllReset Filters
    Case ID :

    Determination of cost of specified transfers u/s 49 - in case of conversion of preference shares of a company into equity shares of that company - Budget 2017-18 w.e.f. AY 2018-19

    📋
    Contents
    Rules & Regulations
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    Clause - 025 - Amendment of section 49.

    THE FINANCE BILL, 2017

    Clause 25 of the Bill seeks to amend section 49 of the Income-tax Act relating to cost with reference to certain modes of acquisition.

    It is proposed to insert a new sub-section (2AE) in the said section so as to provide that where the capital asset, being equity share of a company, became the property of the assessee in consideration of a transfer as referred to in clause (xb) of section 47, the cost of acquisition of the asset shall be deemed to be the cost of the preference share in relation to which such asset is acquired by the assessee.

    These amendments will take effect from 1st April, 2018 and will, accordingly, apply in relation to the assessment year 2018-2019 and subsequent years.

     

    Topics

    ActsIncome Tax