Schedule-17 - DETERMINATION OF COST OF ACQUISITION IN CERTAIN CASES - Direct Taxes Code, 2010

THE SEVENTEENTH SCHEDULE [See section 53(2)] DETERMINATION OF COST OF ACQUISITION IN CERTAIN CASES Serial Number Nature of investment asset Mode of acquisition Cost of acquisition of the investment asset (1) (2) (3) (4) 1. Shares in an amalgamated company, being an Indian company or a successor cooperative bank. By way of transfer referred to in clause (k) or clause (l), as the case may be, of subsection (1) of section 47. The cost of acquisition to the assessee of the shares in the amalgamating company or predecessor co-operative bank. 2. Transferable interest of partner referred to in section 42 of the Limited Liability Partnership Act, 2008 (6 of 2009). By way of transfer referred to in clause (j) of sub-section (1) of section 47. The cost of acquisition to the assessee of the shares in the company immediately before its conversion into limited liability partnership. 3. Shares or debenture in a company. By way of transfer referred to in clause (q) or clause (r) of subsection (1) of section 47. That part of the cost of bond, debenture, debenture-stock or deposit certificates in relation to which the investment asset is acquired by the assessee. 4. Shares in the resulting company or cooperative bank. By way of a transfer effected under a scheme of demerger. The amount which bears to the cost of acquisition of shares held by the assessee in the demerged company or co-operative bank, the same proportion as the net book value of the assets transferred in a demerger bears to the net worth of the demerged company or co-operative bank immediately before such demerger. 5. Original shares in the demerged company or a co-operative bank. By way of transfer in any manner. The cost of acquisition of the original shares held by the assessee in the demerged company immediately before the demerger as reduced by the amount as so arrived at under column (4) in respect of the entry at serial number 3 of this Table. 6. Shares or any other security. By way of purchase of the share or such other security. The amount actually paid by the assessee for acquiring the asset. 7. Any right to renounce the entitlement to subscribe to shares or any other security. By way of purchase of the original share or other security. Nil 8. Any right to subscribe to additional shares or any other security on the basis of holding the original share or security. By way of purchase of the original share or other security. The amount actually paid by the assessee for acquiring the asset. 9. Shares or any other security. By way of allotment on the basis of holding any share or any other security without payment. Nil 10. Right in the nature of an entitlement to subscribe to shares or any other security. By way of purchase of such right from another person. The aggregate of the amount of purchase price paid by the assessee to the person renouncing the right and the amount paid by the assessee to the company or institution, as the case may be, for acquiring the investment asset. 11. Sweat equity shares. By way of allotment or transfer, directly or indirectly, by an employer to his employee (including former employee). The fair market value of the sweat equity share which has been taken into account while computing the value of perquisite for the purposes of section 22. 12. Shares of a recognised stock exchange in India. Under a scheme of demutualisation or corporatisation approved by the Securities and Exchange Board of India. Cost of acquisition by the assessee of his original membership of the stock exchange. 13. Trading or clearing rights of a recognised stock exchange in India acquired by a shareholder. Under a scheme of demutualisation or corporatisation approved by the Securities and Exchange Board of India. Nil 14. Shares or stocks of a company. Cost of acquisition of the shares or stock from which the investment asset is derived.