Computation of gross assets: formula sets inclusion and deduction rules for company asset valuation under Direct Taxes Code.

Computation of the value of gross assets follows the formula A + B + C - D - E, where A is the gross block of fixed assets at year end, B is capital work in progress, C is the book value of other assets, D is accumulated depreciation claimed on the gross block to that date, and E is any debit balance of the profit and loss account included in C.

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