Depreciation u/sec. 44ad
This query is : Resolved
28 January 2013
SIR,
CAN AN ASSESSEE DECLARING INCOME U/SEC.44AD CLAIM DEPRECIATION FORM THAT INCOME. PL CLARIFY
CAN AN ASSESSEE DECLARING INCOME U/SEC.44AD CLAIM DEPRECIATION FORM THAT INCOME. PL CLARIFY
28 January 2013
The Income declared U/s 44AD is Income after Depreciation. However in Balance sheet assets are to be shown by deducting Depreciation from the WDV as on 31.03.201X
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