The written down value (WDV) of assets for tax applications shall be calculated as in the depreciation has become authorized each and every year. This WDV might be the value of the asset for tax needs within a circumstance exactly where the asset is bought later on through the assessee.Be sure that you understand the policy prior to deciding to e-s
Segment 44AD – As per Portion 44AD, where a taxpayer opts for presumptive taxation scheme for virtually any of your money calendar year he is necessary to continue to choose for the same for upcoming five a long time. If he fails to do so, he won't be qualified to choose presumptive taxation scheme u/s 44AD for five yrs succeeding the year where
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