TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Section 43(6): Calculating Written Down Value for Business Asset Profits and Gains, Including New Acquisitions and Transfers.</h1> Section 43(6) of the Income Tax Act outlines the calculation of the Written Down Value (WDV) of a block of assets for assessing profits and gains from business or profession. The WDV at the beginning of the year is adjusted by adding the cost of new assets acquired and subtracting moneys payable from sales, insurance, or scrap value. Additionally, WDV reductions apply for assets transferred in slump sales. The WDV is adjusted for asset transfers through amalgamation or demerger, with specific rules for calculating the WDV for transferee or demerged companies.
TaxTMI 
