Set off for llp

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A-G-V (Querist)
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18 March 2012 hi... can we set off the losses incurred by LLP in the previous yr against the profits earned by it in the next Assessment Year? pls clarify me...

swasti

swasti (Expert)
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18 March 2012 Yes the business losses c/f by LLP can be adjusted by business profits of next years.

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Set off for llp

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