https://www.taxtmi.com/article/detailed?id=620 Written down value is the actual cost of an asset less depreciation that has been actually allowed in computing taxable income; notional or merely allowable depreciation is excluded. Limited statutory deeming rules treat book depreciation as deemed allowed where the assessee was not required to compute income earlier, and apportionment rules for composite income mean only the proportion of depreciation corresponding to the taxable portion reduces WDV. en-us Thu, 31 Dec 2009 00:00:00 +0530 Fri, 22 Aug 2025 23:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=620 Written down value is the actual cost of an asset less depreciation that has been actually allowed in computing taxable income; notional or merely allowable depreciation is excluded. Limited statutory deeming rules treat book depreciation as deemed allowed where the assessee was not required to compute income earlier, and apportionment rules for composite income mean only the proportion of depreciation corresponding to the taxable portion reduces WDV. Articles Income Tax Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=620