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Ca Vineet Rawat

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Can Depreciation Be Claimed Separately After Income Is Estimated Under Section 145(3)?

June 15, 2026 39 Views 0 comment Print

AO rejects books of accounts and applies flat net profit rate. Can taxpayer claim depreciation separately or is it embedded in that flat rate? When an Assessing Officer (AO) rejects a taxpayer’s books of account under Sec 145(3) and resorts to applying a flat net profit (NP) rate on gross turnover, a deceptively simple question arises, “does […]

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