Llp capital introduced by partner
Querist : Anonymous
Now, crediting the amount of land to capital account results in increase in capital contribution of LLP and stamp duty payable on conveyance of land.
So my question is whether this amount being instead of crediting to capital account be credited to partners loan account, so that LLP need not bear the charges for increase in capital contribution?
Will doing this have any problems in future?
Querist : Anonymous
balance is for:
(a) Locating errors of commission;
(b) Locating errors of principle;
(c) Locating clerical errors.
(d) All of the above
Querist : Anonymous
balance is for:
(a) Locating errors of commission;
(b) Locating errors of principle;
(c) Locating clerical errors.
(d) All of the above
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