TMI BlogAmendment of section 49.X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be inserted with effect from the 1st day of April, 2018; (b) after sub-section (2AD), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely: - (2AE) Where the capital asset, being equity share of a company, became the property of the assessee in consideration of a transfer referred to in clause (xb) of section 47, the cost of acquisition of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... use (x) shall be inserted; (e) after sub-section (5) [as inserted by section 30 of the Finance Act, 2016], (28 of 2016.) the following sub-sections shall be inserted with effect from the 1st day of April, 2018, namely:- (6) Where the capital gain arises from the transfer of a specified capital asset referred to in clause (c) of the Explanation to clause (37A) of section 10, which has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or building or both, referred to in sub-section (5A) of section 45, not being the capital asset referred to in the proviso to the said sub-section, the cost of acquisition of such asset, shall be the amount which is deemed as full value of consideration in that sub-section. ; (f) after sub-section (7) as so inserted, the following sub-section shall be inserted and shall be deemed to have been ..... X X X X Extracts X X X X X X X X Extracts X X X X
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