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Cost of Acquisition & Improvement [Sec 55(2)]

Income Tax - Capital Gains - 09 - COST OF ACQUISITION [SECTION 55(2)] Cost of acquisition of an asset is the value for which it was acquired by the assessee. Expenses of capital nature for completing or acquiring the title of property are includible .....

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ness, or right to manufacture, produce or process any article or thing or Right to carry on any business or profession, tenancy rights, stage carriage permits, loom hours purchased from previous owner shall be the Purchase price a and in any other ca .....

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e option to take cost of acquisition as FMV as on 01-04-1981 is not available even if above assets was acquired before 01-04-1981. (B) Capital Asset Cost of Acquisition Original shares/ securities Purchase Price Right shares/ Securities Price actuall .....

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ompany to acquire the right shares. Bonus Shares/ securities Nil (C) In relation to other capital assets Where the capital asset is acquired by the assessee or the previous owner before 1.4.1981 (1.4.2001 substituted by FA, 2017 w.e.f. 1-4-2018): Cos .....

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of acquisition to the assessee or the previous owner. 3. Where the capital asset is acquired by the asessee in distribution by the company on its liquidation Cost of acquisition to the assessee shall be the Fair Market Value of the asset on the date .....

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