It is writtten that if we opt for a higher income u/s 44AD,no deduction u/s 30 to 38 including depreciation and unabsorbed depreciation shall not be allowed as they are deemed to have been allowed.Therefore my question is that wheather depreciation as per books of accounts is a deductible expense while arriving the profit which is higher profit ,ie,more than 8% while finding the tax or it should be added back as it is told in the section that no deduction u/s 30 to 38 including depreciation shal not be allowed.plz give me a reply with an example.
i want to know wheather depreciation which is a normal business expenditure is allowable u/s 44AD while arriving profit in profit and loss account.plz reply with an example
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