If Depreciation is not allowed under 44AD & 44ADA can we take amount of depreciation on Balance sheet or P& L A/c ?
Role of Depreciation Under 44ADA & 44AD
SHIV KUMAR (Co-Founder of Sublime Associates) (208 Points)
06 December 2021SHIV KUMAR (Co-Founder of Sublime Associates) (208 Points)
06 December 2021If Depreciation is not allowed under 44AD & 44ADA can we take amount of depreciation on Balance sheet or P& L A/c ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168976 Points)
Replied 06 December 2021
Yes. You are supposed to depreciate the assets as usual, and adjust the amount to P&L acc & BS.
SHIV KUMAR
(Co-Founder of Sublime Associates)
(208 Points)
Replied 06 December 2021
Thank You Sir, Have a Good day
Tanuj Chandra Saxenaa
(Company Secretary)
(7070 Points)
Replied 11 December 2021
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)