Additions for Advance against depreciation (AAD) - there is a ...

Advance Against Depreciation (AAD) is a timing adjustment, not taxable, and bypasses profit and loss account.

February 21, 2018

Case Laws Income Tax HC

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

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Additions for Advance against depreciation (AAD) - there is a ...

Advance Against Depreciation (AAD) is a timing adjustment, not taxable, and bypasses profit and loss account.

February 21, 2018

Case Laws Income Tax HC

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