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44 ad assessee - carry forward of previous year business and depreciation loss
A partnership firm has carry forward of depreciation as well as business loss. The firm likes to switch over to 44AD in the AY 2017-18.
Please tell the treatment of carry forward loss for the AY 2017-18 while opting for 44AD.
Is the loss deductible from the presumptive income or how to deal with this
Please guide.
Replies (2)
If we check the ITR form of ITR 4 FY 2016-17 then we can't get any option regarding loss so I think you can't do anything on loss with presumtive.
Thanks for your opinion
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