TMI BlogAmendment of section 49.X X X X Extracts X X X X X X X X Extracts X X X X ..... brackets, figures and letters or clause (viaa) or clause (viab) or clause (vib) or clause (vica) or clause (vicb) or clause (vicc) shall be substituted; (II) after sub-section (2AC), the following sub-section shall be inserted, namely:- (2AD) Where the capital asset, being a unit or units in a consolidated scheme of a mutual fund, became the property of the assessee in conside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be. It is proposed to amend sub-clause (e) of clause (iii) of said sub-section (1) so as to include the transfer referred to in clause (vib) of section 47. It is proposed to amend the aforesaid sub-clause (e) to provide for determination of cost of acquisition in respect of shares or interest of foreign company or entity in certain cases. It is also proposed to amend the said section so ..... X X X X Extracts X X X X X X X X Extracts X X X X
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