Menu
44AD ,ADA and AE etc.,
whether UNABSORBED DEPRECIATION IS ALLOWED when we opt for PRESUMPTIVE BASIS.
Replies (5)
no not allowed
can u explain with proof like in which section it is mentioned
It is not allowed since sec 32 covers the provisions relating to depreciation and sec 44AD|ADA and AE overrides the entire PGBP Section
if you go for 44AD, then it's presumed that expenses claimed u/Ss 30 to 36 are deemed to be allowed. so there's no question of unabsorbed depreciation
OK thanks you sir I was confused earlier but now every thing is clear.thank you all once again.
Recent Threads
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
Related Threads
CAclubindia
