Cost of Acquisition

Tax Glossary Definition

Cost of Acquisition

The cost of acquisition is the original price paid to acquire a capital asset, including any expenses directly related to the purchase, such as registration fees, brokerage, or transfer charges. It forms the basis for calculating capital gains when the asset is sold.

Example: If land is purchased for ₹10 lakh, the cost of acquisition of the land is ₹10 lakh (plus any incidental purchase expenses, if applicable).

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