https://www.taxtmi.com/acts?id=10527 The amendment treats the actual cost of any capital asset on which a deduction has been or is allowable under section 35AD as nil for the assessee and for transferees receiving the asset by gift, will, irrevocable trust, distribution on liquidation, or specified transfers; and provides that for WDV computation where income is partly agricultural and partly business, depreciation shall be computed as if all income were from business and that amount deemed to be the depreciation actually allowed. en-us Tue, 07 Jul 2009 15:47:09 +0530 Tue, 07 Jul 2009 15:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10527 The amendment treats the actual cost of any capital asset on which a deduction has been or is allowable under section 35AD as nil for the assessee and for transferees receiving the asset by gift, will, irrevocable trust, distribution on liquidation, or specified transfers; and provides that for WDV computation where income is partly agricultural and partly business, depreciation shall be computed as if all income were from business and that amount deemed to be the depreciation actually allowed. Act-Rules Bills Tue, 07 Jul 2009 15:47:09 +0530 https://www.taxtmi.com/acts?id=10527