Tax Written Down Value definition

Tax Written Down Value has the meaning given to such term in the Financial Schedule;
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Tax Written Down Value means the lesser of the amount of expenditure incurred on the acquisition of a capital asset or the value of an asset at the date of commencement of taxation under the Act calculated in accordance with Section 80(b) of this Regulation, reduced by the aggregate amount of all capital allowances claimed as deductions in the calculation of a person’s taxable income in previous accounting periods;
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Tax Written Down Value means, in relation to an Accounting Period of the Lessor, the aggregate Ship Cost treated as incurred by the Lessor in that and all previous Accounting Periods qualifying for Capital Allowances (the Lessor preparing its computations in accordance with the Variable Assumptions, as the same may be varied from time to time) less the aggregate of all Capital Allowances made to the Lessor in respect of the Ship Cost in all previous Accounting Periods of the Lessor and any Disposal Value which the Lessor is required to bring into account in any previous Accounting Period of the Lessor;
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Examples of Tax Written Down Value in a sentence

  • For subsequent years, annual allowance is arrived at by dividing the Tax Written Down Value (TWDV) of the asset by the unexpired life.

  • Assets transferred from any existing JV to IJVC would be deemed to be transferred at Tax Written Down Value (TWDV) for the purpose of capital allowance, while subsequent merger, take over, or restructuring shall be treated in line with the provisions of Section 271 of PIA and other extant laws.

  • Component of Net Deferred Tax Liability as on 31.3.2012 is as under:(₹ in ‘000) Difference between Book Value and Tax Written Down Value 28.The company’s software development centers in India are Software Technology Park (STP) units under the Software Technology Park guidelines issued by the Government of India.

  • Where replacement results in improvement, the cost shall be added to the Tax Written Down Value (TWDV) of the PPE while the carrying cost of the replaced part that was expensed in line with IFRS shall be added back In arriving at the assessable profit.


More Definitions of Tax Written Down Value

Tax Written Down Value means the unrelieved qualifying expenditure to carry forward from the chargeable period which ends on the date in question (as determined in accordance with section 59 of the Capital Allowances Act);
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Tax Written Down Value. Means the Cost of the Goods in question reduced by the amount of all first-year allowances and writing down allowances obtained during the Rental Term and retained in respect of the Goods during the Rental Term.
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Tax Written Down Value means, as at any date, the Total Equipment Cost, less the aggregate of;—
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Related to Tax Written Down Value

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Net Orderly Liquidation Value means, with respect to Inventory of any Person, the orderly liquidation value thereof as determined in a manner acceptable to the Administrative Agent by an appraiser acceptable to the Administrative Agent, net of all costs of liquidation thereof.

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Independent Amount means zero with respect to Party A and Party B.