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

Advance Against Depreciation (AAD) is a timing adjustment, not taxable, and bypasses profit and loss account. https://www.taxtmi.com/highlights?id=38062 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 en-us Wed, 21 Feb 2018 11:56:00 +0530 Wed, 21 Feb 2018 11:56:00 +0530 TaxTMI RSS Generator Advance Against Depreciation (AAD) is a timing adjustment, not taxable, and bypasses profit and loss account. https://www.taxtmi.com/highlights?id=38062 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 Highlights Income Tax Wed, 21 Feb 2018 11:56:00 +0530 https://www.taxtmi.com/highlights?id=38062