TaxTMI 
TaxTMI 
Written down value of depreciable asset.
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....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 case of block of assets. [(A-D)+ B-C]-E. Note:-- In column....
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.... 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 company. Written down value in the hands of the transferee company or amalgamated company is the same as writt....
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....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 company into limited liability partnership. 7. Where any asset forming part of the block of assets is transferred to a company under t....
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....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 the revaluation of such asset, if any, in the books of account; (b) the total amount of depreciation on such asset provided in the books of account of the ass....