18 January 2011
what is meant by notional depreciation
Guest
Guest
(Expert)
18 January 2011
In case of presumptive income, notional depreciation shall be considered for depreciation to be claimed in future U/s 44 AD etc..
Querist :
Anonymous
Querist :
Anonymous
(Querist)
31 January 2011
Sir u/s 44AD i think that in case of partnership firm i can claim only interest on capitals and remuneration but not depreciation.Then how notional depreciation concept can arrive.