22 April 2011
Dear Expetrs, I want to know what are the tax implication on conversion of pvt. ltd. comapny having losses from so may years, into LLP???can this company carry forward its losses to LLP?
22 April 2011
THERE IS NO TAX IMPLICATION BUT U HAVE TO ENSURE THAT THE CONDITIONS SPECIFIED IN SECTION 47(XIIIb) ARE MET THE LOSSES CAN BE CARRIED FORWARD BY LLP CA MANOJ GUPTA JODHPUR 09828510543
CAclubindia
