WRITTEN DOWN VALUE [SECTION 43(6)]

WDV under the Income-tax Act, means

1. where the asset is acquired in the previous year the actual cost of asset shall be treated as WDV

2. where the asset is acquired in earlier year WDV shall be equal to the actual cost incurred less depreciation allowed under The Income Tax Act.

In case of Block of assets WDV is computed as under:

Sr. No.	Particulars	Amount	Amount
1	In case of assets acquired prior to 31.03.1988
	a. The aggregate WDV of all assets falling within the same block in the beginning of PY relating to AY commencing from 01.04.1988	XXX
	b. Add : Assets acquired during the previous year	XXX
	c. Lees: Moneys payable (including the scrap value) on assets sold, discarded or demolished or destroyed during the previous year to the extent it does not exceed (a+b)	(XXX)	XXX
2	In case of slum sale
	a. Actual cost of assets falling in the same block	XXX
	b. Less : Depreciation actually allowed prior A.Y.s 1988-1989	(XXX)
	c. Less : Depreciation allowable after 1.4.1988 However deduction under b & c shall not exceed the total WDV	(XXX)	XXX

Note : In case of PY relevant to AY commencing on 01.04.1989 the WDV would be the amount of WDV of block of asset in immediately preceding PY as reduced by depreciation actually allowed in respect of said preceding PY and as adjusted by clauses b & c of 1 above.