What should be the Cost of Acquisition for an asset transferred by a person,
who had acquired the asset on liquidation of a company?
2 Replies
MOHAMMED IMRAN
(1020 Points)
Replied 16 January 2019
cost of the previous owner i. e., liquidated company
Vedant Khanna
(374 Points)
Replied 16 January 2019
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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