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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2016 If ABC pvt ltd. is having 80% capital in ABC LLP . then is there any necessity to prepare consolidated Financial statement for ABC lvt ltd. or
how FS will be prepared . what will be treatment for accounting purpose
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 May 2016 one is company and another is partnership....... no need to consolidate
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2016 sir, if pvt ltd. is getting 80% share revenue from LLp then no need to consolidate
will they file return in their capacity only
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 May 2016 what is the problem? I dont get your difficulty..... Both are independent entities, taxable as such.
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