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Treatment of loss of a llp

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Querist : Anonymous

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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 ?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
13 April 2012 Better to show accumulated losses.

You can do so, no restriction on that, but accumulation will give the better picture.

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