44 ad assessee - carry forward of previous year business and depreciation loss

Maheswaran.N (owned) (51 Points)

26 May 2017  
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.