MSME Certified Income Tax Live Batch to commence from 25th January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

tax treatment on pre operating expenses in case of LLP


11 December 2016 we have taken franchisee where in pay franchisee fee of 5 lakh from partners personal account as our limited liability partnership is not incorporated. 1)whether this expense will be eligible for amortisation 2) whether we have to show 5 lack capital as initial capital while forming LLP

12 December 2016 For LLP there is no obligation of minimum capital requirement, so it is your discretion to show extent of capital.

Franchise fees non refund able paid if it is paid for annually than you can written off same year, if it is spread for certain fixed period than same can be apportioned equally for franchise period.

12 December 2016 Thanks kaviraja sir



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less