Section 19 of Finance Act 2018
[Section 19 of Finance Act 2018 deals with Amendment of section 49 and is covered in CHAPTER III DIRECT TAXES]
Amendment of section 49.
19. In section 49 of the Income-tax Act, after sub-section (8), the following sub-section shall be inserted with effect from the 1st day of April, 2019, namely:—
“(9) Where the capital gain arises from the transfer of a capital asset referred to in clause (via) of section 28, the cost of acquisition of such asset shall be deemed to be the fair market value which has been taken into account for the purposes of the said clause.”.