Answer / ravindra

The meaning of cost which is valued in terms of money and
acquisition means purchase in a simple meaning it is the
cost incurred for purchasing of asset could be treated as
cost of acquisition

Answer / pankaj kumar pathak

cost of aqisition is that amount on which a good purchased.

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A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

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