Can book depreciation in books of while filling ITR US 44Ad
This query is : Resolved
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26 December 2020
can we book depreciation on assets in books of accounts while filling ITR US 44AD (individual) and declare net profit at 8.5% of my sales receipts.
please guide.
regards
vikas
please guide.
regards
vikas
26 December 2020
Yes depreciation can be charged in books and also higher profit shown in accounts.
26 December 2020
thanks! Sir for your prompt reply
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