Depreciation in itr 4

This query is : Resolved

Kelvin Bhuva (Querist)
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14 July 2019 While Filling ITR 4 under Section 44AD Can we claim Depreciation as expense or we have to move to capital ledger?

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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15 July 2019 An assessee who wants to take advantage of Section 44AD is not allowed to claim any deduction under Sections 30 to 38 (including depreciation or unabsorbed depreciation). However, the written down value - value of an asset after factoring depreciation - of an asset used in such business will be calculated as if depreciation under Section 32 is claimed and actually allowed.

Kelvin Bhuva

Kelvin Bhuva (Querist)
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15 July 2019 thanks CMA ALKESH PATEL

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