Section mapper · Capital gains
Section 55 of the Income-tax Act, 1961 is now
section 90 of the Income-tax Act, 2025
Cost of acquisition, and the fair market value option for an old asset.
- Was
s.55, Income-tax Act, 1961 (repealed)- Is now
s.90(1) and (2), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 90 carries the definitions of "adjusted", "cost of improvement" and "cost of acquisition", including the election to substitute fair market value on the specified date for an asset acquired before it.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
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