LLP
This query is : Resolved
15 December 2010
Whether LLP are require to maintain Books of Accounts on Mercantile basis on cash basis.
Pls give reasons/supportive answer
Pls give reasons/supportive answer
15 December 2010
LLP IS TAXABLE AS PARTNERSHIP FIRM. BOOKS OF ACCOUNTS CAN BE MAINTAINED EITHER ON THE BASIS OF CASH OR MERCHANTILE SYSTEM.
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