TMI BlogAdvance Against Depreciation (AAD) is a timing adjustment, not taxable, and bypasses profit and loss account.Additions for Advance against depreciation (AAD) - there is a timing difference and that it represents the adjustment in future and that it is therefore not even carried through the profit and loss account - not taxable - no addition can be made - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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