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44ad cases

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(Querist)
04 March 2014 while checking 44AD cases, depreciation should add in net profit or not... for both individual and partnership... thanks in advance..
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
04 March 2014 for 44AD cases, it is depreciation is presumed to be allowed.

Where you are claiming less than 8%, you need to do normal tax computation as is done in any other case.

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