U/S 44AD income tax
jay jay (80 Points)
31 May 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 31 May 2019
You can not claim depreciation if you declare income under section 44AD. if you declare income under section 44AD then deduction under section 28 to 43C is deemed to be given. Depreciation is allowed under section 32. therefore it will be deemed that depreciation has been allowed to you
RAJA P M
("Do the Right Thing...!!!")
(127058 Points)
Replied 31 May 2019
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 31 May 2019
Ankit kumar
(245 Points)
Replied 08 June 2019
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