Hi guys Indus blog let's see the amendment made in the finance act 2021 Goodwill is not eligible for depreciation normally intangible or eligible for depreciation but Goodwill alone will not qualify for depreciation Act 12 cost or cost of addition actual cost of asset include installation charges carriage inward loading unloading charges all expenses in curd till the asset is put into use this include cost of training travel expenses for purchase of modification construction requirement etc trial run cost interest till the asset is put to use free production expenses including salaries rent lightning et cetera lifetime tax insurance duties exchange rate fluctuation according to section 43 this should be recorded for only in the year in which payment for the concerned asset is made the actual cost shall be reduced by the following GST credit subsidiary received from government other agency sale consideration realised from sale of trial run product however and access any expendi ture for accusation of any asset or part therefore in respect of a which a payment or aggregate of payment made to a person in a single day exceed Rs 10000 otherwise than by account page or draft or electronic channel then such as furniture shall not form part of actual cost of used in business after Seas to be used for scientific research actual cost of the set minus the amount of detection allowed it will be asset acquired by way of gift or inheritance actual cost to the previous owner - depreciation till the date of use of asset asset transferred to reduce tax liability by climbing depreciation at enhanced record asset earlier transferred free acquired by SSC acid previously used by any person on which depreciation is allowed to him acquired by another person but least back to the actual cost as determined by the assessing officer which approval of the joint commissioner genuine cases not covered original actual cost minus the depreciation actually allowed to him or actual price for which required which our is less actual cost in the hand of the person who was least back asset shall be the same as the w d v of the said asset to the cellar at the time of transfer they of building brought into use for business purpose subsequent to its acquisition depreciation that would have been actual cost of the building minus all allowable expense had the building been used for business since it's accusation.