If Depreciation is not allowed under 44AD & 44ADA can we take amount of depreciation on Balance sheet or P& L A/c ?
If Depreciation is not allowed under 44AD & 44ADA can we take amount of depreciation on Balance sheet or P& L A/c ?
Yes. You are supposed to depreciate the assets as usual, and adjust the amount to P&L acc & BS.
Thank You Sir, Have a Good day
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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