Deduction for cost of acquisition etc.

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..... iii) the amount of expenditure, if any, incurred wholly and exclusively in connection with the transfer of the asset. (2) In the case of transfer of an investment asset, being an equity share in a company or a unit of an equity oriented fund and such transfer is chargeable to securities transaction tax under Chapter VII of the Finance (No.2) Act, 2004,— (a) where the asset is held for a period of .....

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..... other than that referred to in sub-section (2) of the section or sub-section (5) of section 53, is transferred at any time after one year from the end of the financial year in which the asset is acquired by the person, the deductions for the purposes of computation of income from the transfer of such asset shall be the following, namely:— (i) the indexed cost of acquisition, if any, of the asset; .....

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