Cost with reference to certain modes of acquisition

In the case of a capital asset specified in column B of the Table below, the cost of acquisition of the asset shall be deemed to be the cost as mentioned in column C of the said Table. Table Sl. No. Description of the capital asset Cost of acquisition A B C 1. If the capital asset became the The cost for which property of the assessee–– the previous owner of the property acquired it, as (a) under a gift or will; or increased by the cost of (b) by succession, inheritance any improvement or devolution; or incurred or borne by the previous owner or the assessee. A B C (c) on any distribution of assets on the liquidation of a company; or (d) under a transfer to a revocable or an irrevocable trust; or (e) being a Hindu undivided family, by the mode referred to in section 99(3) after the 31st December, 1969; or (f) under any such transfer as is referred to in section 70(1)(a), (c), (d), (e), (g), (h), (i), (j), (l), (m), (n), (o), (t), (u), (v), (w), (zd), (ze) or (zf). 2. Capital asset, being a share or shares in The cost of an amalgamated company which is an acquisition to him of the Indian company that became the property share or the shares in the of the assessee in consideration of a amalgamating company. transfer referred to in section 70(1)(f). 3. Capital asset being a share or debenture That part of the cost of of a company, which became the property debenture, debenture- of the assessee in consideration of a stock, bond or deposit transfer referred to in section 70(1)(z) or certificate for which such (za). asset is acquired by the assesse. 4. Capital asset, being specified security or Fair market value sweat equity shares, referred to in taken into account for the (2). purposes of the said clause. 5. Capital asset, being rights of a partner The cost of referred to in of the Limited acquisition of the share Liability Partnership Act, 2008 (6 of 2009), or shares in the company which became the property of the assessee immediately before its on conversion as referred to in conversion. (1)(ze). 6. Capital asset, being share or shares of a The price of the said company acquired by a non-resident share or shares assessee on redemption of Global prevailing on any Depository Receipts referred to in section recognised stock 209(1) (Table: Sl. No. 2) held by such exchange on the date on assessee. which a request for redemption was made. 7. Capital asset, being a unit of a business The cost of trust, which became the property of the acquisition of the share assessee in consideration of a transfer as referred to in the said referred to in (1)(zi). clause. A B C 8. Capital asset, being a unit or units in a The cost of consolidated scheme of a mutual fund, acquisition of the unit or which became the property of the assessee units in the consolidating in consideration of a transfer referred to in scheme of the mutual (1)(zj). fund. 9. Capital asset, being equity share of a That part of the cost of company, which became the property of the preference shares in the assessee in consideration of a transfer relation to which such referred to in (1)(zb). asset is acquired. 10. Capital asset, being a unit or units in a The cost of consolidated plan of a mutual fund scheme, acquisition of the unit or which became the property of the assessee units in the consolidating in consideration of a transfer referred to in plan of the scheme of the (1)(zk). mutual fund. 11. Capital asset being a unit or units in the Computed as per the segregated portfolio. following formula:–– X = A x B , C where,–– X = cost of acquisition of the unit or units in segregated portfolio; A = cost of acquisition of unit or units in the total portfolio; B = Net Asset Value of the asset transferred to the segregated portfolio; and C = Net Asset Value of the total portfolio immediately before segregation. 12. Capital asset being original units held The cost of by the unit holder in the main portfolio. acquisition as reduced by the amount as so arrived at under serial number 11. A B C 13. Capital asset, being shares as referred to The cost of in (1)(zl) which became the acquisition to it of the property of the assessee. interest in the joint venture referred to in the said clause. 14. Shares in the resulting company as a Computed as per the result of demerger. following formula:–– X = A x B , C where,–– X = cost of acquisition of shares in the resulting company; A = cost of acquisition of shares in demerged company; B = net book value of assets transferred in demerger; and C = net worth of demerged company immediately before demerger. 15. Original shares held by the shareholder As reduced by the in the demerged company. amount so arrived at under serial number 14. 16. Capital asset deemed to be chargeable to Cost for which such tax according to the provisions of section asset was acquired by the 71(1). transferee company. 17. Capital asset being property, where the The value taken capital gain arises from the transfer of into account under such property the value of which has been (2)(m). subject to income-tax under (2)(m). 18. Capital asset declared under the Income The fair market value Declaration Scheme, 2016, where the tax, of the asset taken into surcharge and penalty have been paid as account for the purposes per the provisions of such Scheme on the of the said Scheme. fair market value as on the date of the commencement of that Scheme. A B C 19. Specified capital asset referred to in The stamp duty value clause (c) of the Explanation to as on the last day of the (37A) of the Income-tax second tax year after the Act, 1961 (43 of 1961), which has been end of the tax year in transferred after the expiry of two years which the possession of from the end of the tax year in which the the said specified capital possession of such asset was handed over asset was handed over to to the assessee. the assessee. 20. Capital asset, being share in the project, The amount deemed in the form of land or building, or both, as full value of under (14). consideration under (14). 21. Capital asset, being the asset held by a The fair market value trust or an institution in respect of which of the asset considered accreted income has been computed and for computation of tax paid thereon as per . accreted income as on specified date as per (3). 22. Capital asset referred to in section The fair market value 26(2)(j). for (2)(j). 23. Capital asset, being an Electronic Gold The cost of gold for Receipt issued by a Vault Manager, which the person in whose became the property of the person as name Electronic Gold consideration of a transfer, as referred to in Receipt is issued. (1)(y). 24. Capital asset being gold released against The cost of the an Electronic Gold Receipt, which became Electronic Gold Receipt the property of the person as consideration for such person. for a transfer as referred to in (1)(y).