1Where the capital asset is an asset in respect of which a deduction on account of depreciation under clause (i) of sub-section (1) of section 32 has been obtained by the assessee in any previous year, the provisions of section 48 and 49 shall apply subject to the modification that the written down value, as defined in clause (6) of section 43, of the asset, as adjusted, shall be taken as the cost of acquisition of the asset.
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1. Ins. by Act 21 of 1998, s. 23 (w.e.f. 1-4-1998)
Section 50A Special provision for cost of acquisition in case of depreciable asset
Section 50B Special provision for computation of capital gains in case of slump sale
Section 50C Special provision for full value of consideration in certain cases
Section 50D Fair market value deemed to be full value of consideration in certain cases
Section 51 Advance money received
Section 54 Profit on sale of property used for residence
Section 54E Capital gain on transfer of capital assets not to be charged in certain cases