depreciation

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Querist : Anonymous

Querist : Anonymous (Querist)

18 January 2011 what is meant by notional depreciation

Guest

Guest (Expert)

18 January 2011 In case of presumptive income, notional depreciation shall be considered for depreciation to be claimed in future U/s 44 AD etc..

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2011 Sir u/s 44AD i think that in case of partnership firm i can claim only interest on capitals and remuneration but not depreciation.Then how notional depreciation concept can arrive.

Guest

Guest (Expert)

31 January 2011 All the deductions u/s 30 to 38 shall be deemed to allowed u/s 44AD also which includes depreciation also.

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