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Sec 44ada query for depreciation claim

This query is : Resolved 
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(Querist)
06 August 2021 Sir,
Sec 44ada professional income it returns filed person income details mentioned below in f.y.20-21
Gross receipts rs:14 lacs
50 percentage profit declared rs:7 lacs
If assess purchase of new dental chair equipment value rs:1,50,000/-in f.y.20-21.
Question:
Assess dental chair equipment value depreciation added or deducted above mentioned declared net profit rs:7 lacs amount in it act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 August 2021 Once opted for 44ADA no deduction of depreciation allowed. Pay tax on 7 lacs.
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