https://www.taxtmi.com/acts?id=10534 Amendment to Explanation 2 of section 50B prescribes that net worth for slump sale capital gains is computed by treating depreciable assets at the written down value of the block of assets under the referenced provision of section 43, treating capital assets wholly deductible under section 35AD as nil, and treating other assets at their book value. The change is consequential and effective from the stated operative date, applying to subsequent assessment years. en-us Tue, 07 Jul 2009 15:50:05 +0530 Tue, 07 Jul 2009 15:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10534 Amendment to Explanation 2 of section 50B prescribes that net worth for slump sale capital gains is computed by treating depreciable assets at the written down value of the block of assets under the referenced provision of section 43, treating capital assets wholly deductible under section 35AD as nil, and treating other assets at their book value. The change is consequential and effective from the stated operative date, applying to subsequent assessment years. Act-Rules Bills Tue, 07 Jul 2009 15:50:05 +0530 https://www.taxtmi.com/acts?id=10534