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Sir here why interest on capital is not deducted for 3 years .also salary is deducted from avg.profit only for 1 year But that avg. Profit is for 3 years . So we should also reduce interest and remuneration for 3 years right ??
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Sri kanaga Varshini
CA Inter
★ 2K+
27-Oct-20 20:13
35
Answers (2)
Average is per year. So when you deduct from average, it is to be for 1year
Suraj Lakhotia
Admin
28-Oct-20 13:01
Ok sir
Thread Starter
28-Oct-20 13:04
