44ad
This query is : Resolved
13 July 2013
CAN AN ASSESSEE CLAIM DEPRECIATION IF HE GETS HIS ACCOUNTS AUDITED U/S 44AD (IF HE SHOWS INCOME LOWER THAN 8%)
13 July 2013
if he show profit less than 8%,
then he need to maintain regular books of account and he can claim all expenses including depreciation.
then he need to maintain regular books of account and he can claim all expenses including depreciation.
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