Section 35AD
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2010
If an assessee has opted to claim deduction under Section 35AD,can he claim deduction for depreciation?
01 December 2010
As per explanation 13 to section 43(1), cost of assets on which section 35AD benefit is availed is "nil". Hence deduction under section 32(1) will not be allowed.
Message likes :
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01 December 2010
Agree with BC Sir.
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