tax implication of conversion of pvt. ltd. co. in to LLP
This query is : Resolved
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?
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
THE LOSSES CAN BE CARRIED FORWARD BY LLP
CA MANOJ GUPTA
JODHPUR
09828510543
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