Section 50A: Special provision for cost of acquisition in case of depreciable asset

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Special provision for cost of acquisition in case of depreciable asset.

Where 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 sections 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.

Where this provision sits

Act	The Income-tax Act, 1961
Section	50A
Marginal note	Special provision for cost of acquisition in case of depreciable asset
Jurisdiction	Central
Status	Repealed

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