What should be the Cost of Acquisition for an asset transferred by a person,
who had acquired the asset on liquidation of a company?
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Capital Gains
Replies (2)
cost of the previous owner i. e., liquidated company
I read that as well in section 49(1)
But as per section 46 it should be
= FMV of asset on the date it was distributed by the company.
This has confused me. Plz help.
But as per section 46 it should be
= FMV of asset on the date it was distributed by the company.
This has confused me. Plz help.
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