The cost of improvement under the Income Tax Act of India is the capital expenditure
SPECIAL PROVISION UNDER THE INCOME TAX ACT
A special provision under the Income Tax Act is a provision that provides for a
GENERAL MEANING
The general meaning of income under the Income Tax Act, 1961 is any money, profits
Cost of improvement
The cost of improvement is the capital expenditure incurred by an assessed for any addition
COST OF ACQUISITION WHEN DEBENTURES ARE CONVERTED INTO SHARES {SEC 49 (2A)}
The cost of acquisition of shares when debentures are converted into shares is calculated as
COST OF ACQUISITION IN THE CASE OF ADVANCE MONEY RECEIVED (SEC51)
The cost of acquisition in the case of advance money received (under Section 51 of
Cost of acquisition of bonus shares & COST OF ACQUISITION IN THE CASE OF RIGHT SHARES AND RIGHT RENOUNCEMENTS
The cost of acquisition of bonus shares is NIL under the Income Tax Act of
COST OF ACQUISITION IN THE CASE OF DEPRECIABLE ASSETS (SECTION 50)
The cost of acquisition of a depreciable asset under Section 50 of the Income Tax
Cost of acquisition being the fair market value as on April 1 (Section 55(2))
The cost of acquisition being the fair market value as on April 1 (Section 55(2))