WDV of block of Asset - (New) Section 41 / (Old) Section 43(6)

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.... year) • D = Last year's depreciation • B = Actual cost of new assets added to the block during the tax year • C = Money received (or receivable) from assets in a block that are sold, transferred, demolished, destroyed, discarded, Plus scrap value, • Upper Limit on "C" cannot exceed [(A − D) + B] • ​​​​​​​A = Opening Written Down Value (WDV) of the block • B = Additions (cost of new assets purchased during the year) • D = Depreciation allowed during the year • E = Adjustment for slump sale, the actual cost of the asset falling within that block as reduced b....

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....• the written down value of the assets transferred from the demerged company immediately before such demerger.  • irrespective of anything contained in section 39. [ Section 41(4) ] (c) Conversion of a private/unlisted public company into an LLP [ Section 41(5) ] • The transfer is from a private company or unlisted public company, and • The conditions under Section 70(1)(ze) are satisfied (i.e., qualifying conversion conditions are met). • The actual cost of the block of assets in the hands of the LLP is deemed to be: • The Written Down Value (WDV) of the same block in the hands of the company as on the date of conversion. Corporatisation of a r....