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
CA. R. B. SAH
(Expert)
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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