https://www.taxtmi.com/acts?id=3579 Section 43 defines actual cost as the assessee's asset cost reduced by amounts met by others, subject to statutory exclusions and reductions for prior research deductions, subsidies, excise duty credits, interest attributable to post-use periods, and anti-avoidance adjustments where transfers inflate cost. Transfers on amalgamation, demerger, corporatisation or between related companies may carry over the transferor's cost or written down value when conditions are met. Written down value is actual cost less depreciation actually allowed, with specified aggregation and adjustment rules for blocks of assets and corporate reorganisations. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 16:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3579 Section 43 defines actual cost as the assessee's asset cost reduced by amounts met by others, subject to statutory exclusions and reductions for prior research deductions, subsidies, excise duty credits, interest attributable to post-use periods, and anti-avoidance adjustments where transfers inflate cost. Transfers on amalgamation, demerger, corporatisation or between related companies may carry over the transferor's cost or written down value when conditions are met. Written down value is actual cost less depreciation actually allowed, with specified aggregation and adjustment rules for blocks of assets and corporate reorganisations. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3579