TMI BlogDETERMINATION OF COST OF ACQUISITION IN CERTAIN CASESX X X X Extracts X X X X X X X X Extracts X X X X ..... ) (3) (4) 1. Shares in an amalgamated company, being an Indian company or a successor cooperative bank. By way of transfer referred to in clause (k) or clause (l), as the case may be, of subsection (1) of section 47. The cost of acquisition to the assessee of the shares in the amalgamating company or predecessor co-operative bank. 2. Transferable inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cost of acquisition of shares held by the assessee in the demerged company or co-operative bank, the same proportion as the net book value of the assets transferred in a demerger bears to the net worth of the demerged company or co-operative bank immediately before such demerger. 5. Original shares in the demerged company or a co-operative bank. By way of transfer in any manner. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The amount actually paid by the assessee for acquiring the asset. 9. Shares or any other security. By way of allotment on the basis of holding any share or any other security without payment. Nil 10. Right in the nature of an entitlement to subscribe to shares or any other security. By way of purchase of such right from another person. The aggre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nge. 13. Trading or clearing rights of a recognised stock exchange in India acquired by a shareholder. Under a scheme of demutualisation or corporatisation approved by the Securities and Exchange Board of India. Nil 14. Shares or stocks of a company. Cost of acquisition of the shares or stock from which the investment asset is derived. - - st ..... X X X X Extracts X X X X X X X X Extracts X X X X
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