https://www.taxtmi.com/acts?id=10820 Computation of actual cost begins with the asset's acquisition cost including pre-use borrowing costs, less post-use interest and recoverable duties or credits, and reduced proportionately by subsidies received in respect of the asset pool. The revenue authority may determine actual cost where prior use and transfer motive suggest inflated depreciable cost. Special rules equate actual cost to deemed written down value for gifts, inheritances, slump sales, conversions to business use, certain transferee situations, and cap reacquisition cost in sale-and-buy-back cases. en-us Thu, 20 Aug 2009 12:05:49 +0530 Thu, 20 Aug 2009 16:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10820 Computation of actual cost begins with the asset's acquisition cost including pre-use borrowing costs, less post-use interest and recoverable duties or credits, and reduced proportionately by subsidies received in respect of the asset pool. The revenue authority may determine actual cost where prior use and transfer motive suggest inflated depreciable cost. Special rules equate actual cost to deemed written down value for gifts, inheritances, slump sales, conversions to business use, certain transferee situations, and cap reacquisition cost in sale-and-buy-back cases. Act-Rules Bills Thu, 20 Aug 2009 12:05:49 +0530 https://www.taxtmi.com/acts?id=10820