Query

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07 May 2014 if a person is opting 44AE then is he eligible for unabsorber dep. ans other business loss

07 May 2014 unabsorbed depreciation is covered under section 32. under 44AE(3) all deductions/expenses under 30 to 38 sections are deemed to be given effect.

accordingly, no further deduction should be permitted for unabsorbed depreciation.


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