Computation of actual cost.

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....ntral Excise Rules, 1944 (51 of 1975); (d) subsidy, grant or reimbursement, by whatever name called, if any, relatable to the acquisition of the asset, received by the assessee from- (i) the Central Government; (ii) a State Government; (iii) any authority established under any law; or (iv) any other person. (2) The payment or aggregate of payments exceeding ten thousand rupees in a day for acquisition of an asset, made to a person in a mode otherwise than by specified banking or online mode, shall be excluded from the actual cost of the asset. (3) In a case where the subsidy, grant or reimbursement referred to in sub-section (1)(d) is not directly relatable to the asset acquired, the amount....

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....conversion, as determined in the manner as prescribed. 4. Where capital asset is acquired by the assessee by way of gift or inheritance. Actual cost to previous owner as reduced by the depreciation allowable up to the immediately preceding tax year, as if such asset was the only asset in the relevant block of asset. 5. Where a building, being the property of the assessee, is put to use for the purpose of business or profession during the tax year. Actual cost of the building as reduced by the depreciation- (a) that would have been allowable had the building been used for the purpose of business from the date of acquisition; and (b) calculated at the rate in force on the date on which such asset was put to....

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....usiness and a deduction is made under section 33(3). Actual cost of asset as reduced by deduction allowed for the capital asset under section 45(1)(a) or (c) or under any corresponding provision of the Income-tax Act, 1961(43 of 1961). 10. Where the assessee had acquired an asset outside India, as a nonresident, and the asset is brought by him to India and put to use in business or profession in India. Actual cost of the asset as reduced by the depreciation-- (a) that would have been allowable had the asset been used for the purpose of business or profession in India since the date of its acquisition; and (b) calculated at the rate in force. 11. Where capital asset is acquired under the scheme of corporatisation of a....