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Capital Gains - meaning of adjusted cost of improvement and cost of acquisition u/s 55 - reference of 1st day of April 1981 to be replaced with the 1st day of April 2001 - Budget 2017-18 w.e.f. AY 2018-19

Capital Gains - meaning of adjusted , cost of improvement and cost of acquisition u/s 55 - reference of 1st day of April, 1981 to be replaced with the 1st day of April, 2001 - Budget 2017-18 w.e.f. AY 2018-19 - Dated:- 3-2-2017 - Clause - 028 - Amendment of section 55. THE FINANCE BILL, 2017 Clause 28 of the Bill seeks to amend section 55 of the Income-tax Act relating to meaning of adjusted , cost of improvement and cost of acquisition . Under the existing provisions of the said section, the co .....

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