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Cost of acquition of capital assets for entities where tax on accreted income paid

Cost of acquition of capital assets for entities where tax on accreted income paid :

 

CLAUSE(S) OF
FINANCE BILL,
2017 		 PARTICUL ARS OF AMENDME NTS SECTION AMENDMENT / NEWLY
INSERTED		 APPLICABLE
W.E.F. 		 BRIEF OF AMENDMENT 
25 Cost of
acquition of
capital assets
for entities
where tax on
accreted
income paid		 49(8)  Newly inserted  1/6/2016 Cost of acquisition of assets sold by a trust or institution which has paid tax on its accreted income u/s 115TD shall be deemed to be fair market value of the asset.
Budget 2017 | Adreeja Kaur |

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