https://www.taxtmi.com/acts?id=49509 Where a demerged company transfers a capital asset to a resulting Indian company, the resulting company's actual cost equals what it would have been if the demerged company had continued to hold the asset, capped by the demerged company's written down value; assets brought into India by a non-resident have actual cost reduced by depreciation that would have been allowable if used in India since acquisition; slump-sale treatment and inserted explanations adjust block written down values on demerger by transferring book values and limiting excesses. en-us Sat, 22 Feb 2025 10:55:29 +0530 Sat, 22 Feb 2025 10:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49509 Where a demerged company transfers a capital asset to a resulting Indian company, the resulting company's actual cost equals what it would have been if the demerged company had continued to hold the asset, capped by the demerged company's written down value; assets brought into India by a non-resident have actual cost reduced by depreciation that would have been allowable if used in India since acquisition; slump-sale treatment and inserted explanations adjust block written down values on demerger by transferring book values and limiting excesses. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:55:29 +0530 https://www.taxtmi.com/acts?id=49509