Treatment of loss of a llp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
Dear sir,
1.can we transferred the Loss of a LLP during the Period into Partners capital account like an ordinary partnership.
2. the provision of deemed dividend is applicable or not on a LLP ?
1.can we transferred the Loss of a LLP during the Period into Partners capital account like an ordinary partnership.
2. the provision of deemed dividend is applicable or not on a LLP ?
13 April 2012
Better to show accumulated losses.
You can do so, no restriction on that, but accumulation will give the better picture.
You can do so, no restriction on that, but accumulation will give the better picture.
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