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set off previous year loss

This query is : Resolved 
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(Querist)
03 December 2008 a firm has net profit , and it has carried forward depreciation loss..
my query is should the interest on capital and remuneration to partners be deducted from profit before setting off carried forward losses??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 December 2008 From current year's profit deduct interest on capital,deduct brought forward depreciation and then calculate remuneration on the balance amount.
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shaswath b s

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shaswath b s (Querist)
04 December 2008 thank you so much!!!
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