please help urgent
This query is : Resolved
29 March 2011
an assesse file returnof A.Y. 2010-11 as per section 44 AF Retailer now , he is file return basis of normal books of account maintain
and show balance sheet with proprietor capital and loan from relative .
now under intimation 143(1) and disallow depreciatin .
what are reason of such disallow?
is assesse get any other trouble for change of file return by deptt.?
further assessee in next year file return in presumptive section?
return file nature of business - retailer
and show balance sheet with proprietor capital and loan from relative .
now under intimation 143(1) and disallow depreciatin .
what are reason of such disallow?
is assesse get any other trouble for change of file return by deptt.?
further assessee in next year file return in presumptive section?
return file nature of business - retailer
30 March 2011
When you declare income u/s 44AF, all business deductions are assumed to be allready allowed. So no further deduction of depreciation is aloowed. Deptt is right in disallowing depreciation
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
