05 March 2022
Sir, One of the professional income it returns filed person 1.depreciation claim value rs:10 lacs large value net income loss show in books 2.fees collections from patients some amount cash mode and balance amount online bank mode (Google pay and phone pay and paytam modes) received . Question: 1.assessee depreciation claim large amount net income loss filed or fees income increased for f.y.21-22. 2.fees collections from patients cash and bank mode entry passed procedure in books.
06 March 2022
1. No need to increase fees. Unabsorbed depreciation can be carried forward to future years. 2. Debit cash when fees received in cash, otherwise respective bank accounts.
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