https://www.taxtmi.com/acts?id=11697 Taxable profit for a business capital asset within a scheduled block is A minus B and C: amount accrued or received (including scrap) less opening written down value of the block and the actual cost of assets acquired during the year; a negative result is treated as nil. For assets outside such a block, taxable profit is amount accrued or received (including scrap) less the asset's actual cost. en-us Thu, 16 Sep 2010 18:35:28 +0530 Fri, 17 Sep 2010 13:26:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11697 Taxable profit for a business capital asset within a scheduled block is A minus B and C: amount accrued or received (including scrap) less opening written down value of the block and the actual cost of assets acquired during the year; a negative result is treated as nil. For assets outside such a block, taxable profit is amount accrued or received (including scrap) less the asset's actual cost. Act-Rules Bills Thu, 16 Sep 2010 18:35:28 +0530 https://www.taxtmi.com/acts?id=11697