44AD ,ADA and AE etc.,
Durga Prasad (Intern at GM Kapadia & co;) (40 Points)
10 July 2017
whether UNABSORBED DEPRECIATION IS ALLOWED when we opt for PRESUMPTIVE BASIS.
5 Replies
Durga Prasad
(Intern at GM Kapadia & co;)
(40 Points)
Replied 10 July 2017
can u explain with proof like in which section it is mentioned
aakash dalmia
(STUDENT)
(91 Points)
Replied 10 July 2017
It is not allowed since sec 32 covers the provisions relating to depreciation and sec 44AD|ADA and AE overrides the entire PGBP Section
RAMA KRISHNAN
(247 Points)
Replied 10 July 2017
if you go for 44AD, then it's presumed that expenses claimed u/Ss 30 to 36 are deemed to be allowed. so there's no question of unabsorbed depreciation
Durga Prasad
(Intern at GM Kapadia & co;)
(40 Points)
Replied 11 July 2017
OK thanks you sir I was confused earlier but now every thing is clear.thank you all once again.
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