https://www.taxtmi.com/acts?id=10659 The amendment treats the actual cost of any capital asset on which deduction has been allowed or is allowable under the investment-linked capital expenditure deduction provision as nil for the assessee and for transferees where the asset is received by gift, will, irrevocable trust, distribution on liquidation, or specified modes of transfer. It further provides that where income is partly agricultural and partly business, depreciation for written down value computation shall be calculated as if the entire income were business income and that computed amount shall be deemed to be the depreciation actually allowed. en-us Tue, 04 Aug 2009 17:07:42 +0530 Sat, 08 Aug 2009 12:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10659 The amendment treats the actual cost of any capital asset on which deduction has been allowed or is allowable under the investment-linked capital expenditure deduction provision as nil for the assessee and for transferees where the asset is received by gift, will, irrevocable trust, distribution on liquidation, or specified modes of transfer. It further provides that where income is partly agricultural and partly business, depreciation for written down value computation shall be calculated as if the entire income were business income and that computed amount shall be deemed to be the depreciation actually allowed. Act-Rules F. Acts / Amendment Acts Tue, 04 Aug 2009 17:07:42 +0530 https://www.taxtmi.com/acts?id=10659