44ad

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Rajesh Jaisinghani (Querist)
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13 July 2013 CAN AN ASSESSEE CLAIM DEPRECIATION IF HE GETS HIS ACCOUNTS AUDITED U/S 44AD (IF HE SHOWS INCOME LOWER THAN 8%)

CA Kapil Verma (Expert)
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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.

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