Written down value of depreciable asset.

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....ned in column C of the Table below:- Table Sl.No. Circumstances Written down value A B C 1. In case the asset is acquired in the tax year. Actual cost to the assessee. 2. In case the asset is acquired before the tax year. Actual cost to the assessee less depreciation actually allowed under this Act or the Income-tax Act, 1961 (43 of 1961). 3.  In c....

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....the asset was the only asset in the relevant block of assets, which shall not exceed [(A-D)+B-C]. 4. Where any block of asset is transferred by- (a)(i) a holding company to its subsidiary company; or (ii) a subsidiary company to its holding company and the conditions of section 70(1)(c) and (d) are satisfied; or (b) amalgamating company to the amalgamated company being an Indian com....

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....demerged company immediately before such demerger. 6. Where any block of assets is transferred by a private company or unlisted public company to a limited liability partnership and the conditions in section 70(1)(ze) are satisfied. Written down value in the hands of limited liability partnership shall be written down value in the hands of said company as on the date of conversion of the ....

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.... allowance in respect of any depreciation carried forward under section 33(11) shall be deemed to be the depreciation actually allowed. (3) Where an assessee was not required to compute his total income for the purposes of this Act for any tax year or tax years preceding the tax year under consideration,- (a) the actual cost of an asset shall be adjusted by the amount attributable to t....